Need Answer asap!!!!! Monopoly game, following are the instructions of entries and then the managers diary with all the transactions made! I'll rate asap
1. Analyze transactions and prepare journal entries in good form. Journal entries should be dated y/mm, and must correspond with events in the manager's diary. BE CAREFUL to record all of your transactions. 2. Prepare a general ledger using the chart of accounts. Post all transactions to the proper T- account. All entries in each ledger account should be dated: Land 1/1/1 1/2/1 2/1/1 2/2/1 1001 320 2401 601 end 720 3. Prepare a trial balance after journal entries for all transactions have been posted to the accounts. This is the unadjusted trial balance. 4. Prepare year-end adjusting entries as needed. Please disclose all computations. Post all adjusting entries to the proper T-account. 5. Prepare a trial balance, the adjusted trial balance 6. Prepare closing entries and post to the T-accounts. 7. Prepare a trial balance, the post-closing trial balance. 8. Prepare financial statements with notes. Your set of financial statements should include an income statement, balance sheet, and statement of changes in owners' equity, as well as notes to the financial statements. Since we won't be covering the statement of cash flows until the end of the term, you won't have to Monopoly Starting Balance = $1,500.00 1- Rolled 7 Chance money grab Corted tsoo 12- Rolled 7 Virginia, avenue Bought for $160 13- Rolled 5- New York Av 14-) Rolled 8- Bought for $200 Vente MV Bought for $260 for Pennsyraria of 128 & passed go * collected Rent $22 15-) Rolled y Pacific Av. Bought for $300 6- Roleed 3 - Paid Rent 7-) Roleed 4- Tax paid $100 Roled 4- Paid Rent $4. collected 5200 * Bought Mauvons gardens (Auction) 3140 collected sent $16 87 Rolled 7- Paid 88 Rent (9-) filed 6- Bought Pennsylvania Railroad $200 10-4 Rolled 4-paid 118 Rent Rolled - paid $28 Rent & 11-) collected $200 from go paid $4 Rent 127 laid Rent for Eletric $36 * collected $24 for Rent 13- Paid Railwad Rent $100 19- collected $100 from community chest 115- paid paid Rent $4. & Collected pent $ 16 Bought tennesse Av - $200 16- wo entry 17- Paid $20 Rent collected $24 pent No entry ( 19-1 Collected $200 from go 20-) Paid s 10 Rent &Trade lailroad for Eletric company and received $ 450 collected Eletric Rent $28 21- Ngentry Collected Rent $ 16 Paid SAS fine Bought Atlantic Avenue $280 collected Rent $26 collected Rent $26 went to Jail 23 - 24.) stayed in Jail ( 1 Turn) Ending Balance : $973.00 1. Analyze transactions and prepare journal entries in good form. Journal entries should be dated y/mm, and must correspond with events in the manager's diary. BE CAREFUL to record all of your transactions. 2. Prepare a general ledger using the chart of accounts. Post all transactions to the proper T- account. All entries in each ledger account should be dated: Land 1/1/1 1/2/1 2/1/1 2/2/1 1001 320 2401 601 end 720 3. Prepare a trial balance after journal entries for all transactions have been posted to the accounts. This is the unadjusted trial balance. 4. Prepare year-end adjusting entries as needed. Please disclose all computations. Post all adjusting entries to the proper T-account. 5. Prepare a trial balance, the adjusted trial balance 6. Prepare closing entries and post to the T-accounts. 7. Prepare a trial balance, the post-closing trial balance. 8. Prepare financial statements with notes. Your set of financial statements should include an income statement, balance sheet, and statement of changes in owners' equity, as well as notes to the financial statements. Since we won't be covering the statement of cash flows until the end of the term, you won't have to Monopoly Starting Balance = $1,500.00 1- Rolled 7 Chance money grab Corted tsoo 12- Rolled 7 Virginia, avenue Bought for $160 13- Rolled 5- New York Av 14-) Rolled 8- Bought for $200 Vente MV Bought for $260 for Pennsyraria of 128 & passed go * collected Rent $22 15-) Rolled y Pacific Av. Bought for $300 6- Roleed 3 - Paid Rent 7-) Roleed 4- Tax paid $100 Roled 4- Paid Rent $4. collected 5200 * Bought Mauvons gardens (Auction) 3140 collected sent $16 87 Rolled 7- Paid 88 Rent (9-) filed 6- Bought Pennsylvania Railroad $200 10-4 Rolled 4-paid 118 Rent Rolled - paid $28 Rent & 11-) collected $200 from go paid $4 Rent 127 laid Rent for Eletric $36 * collected $24 for Rent 13- Paid Railwad Rent $100 19- collected $100 from community chest 115- paid paid Rent $4. & Collected pent $ 16 Bought tennesse Av - $200 16- wo entry 17- Paid $20 Rent collected $24 pent No entry ( 19-1 Collected $200 from go 20-) Paid s 10 Rent &Trade lailroad for Eletric company and received $ 450 collected Eletric Rent $28 21- Ngentry Collected Rent $ 16 Paid SAS fine Bought Atlantic Avenue $280 collected Rent $26 collected Rent $26 went to Jail 23 - 24.) stayed in Jail ( 1 Turn) Ending Balance : $973.00
