Please analyze the following transactions and put them into both a general journal format, then transfer all to t$-$accounts. Once you've finished, calculate the balances for each t$-$account and bring this to class on Monday! This is both a great warm$-$up to playing monopoly and it also ties right in to chapter $4.$

Sold $1000$ shares of common stock $($par value $$1)$ for $$20$ each.

Purchased $$200$ worth of supplies on account $($due in $30$ days$)$

Borrowed cash and signed a $5-$year note for $$5,000($interest of $8\%)$

Landed on Boardwalk and purchased it for $$350$

Landed on another players property $($Tenn Ave$)$ and paid $$20$

Landed on Reading Railroad and purchased it for $$200$

Prepaid for insurance for the next $2$ years totaling $$2400$

Purchased inventory $(10$ units$)$ for $$25$ each on account

Prepaid rent for the following $6$ months totaling $$900$

Sold $5$ units on account for $$50$ each

Invested $$7,000$ into a long$-$term investment

Landed on Boardwalk already bought it

Passed go and collected $$200$

Landed on Community Chest, paid $$50$ for maintenance

Someone landed on Boardwalk and paid us $$30$

Landed on Waterworks and paid $$25$

Someone landed on Reading Railroad and paid us $$25$

Went to jail

Paid $$50$ to get out of jail, rolled and landed on Penn Railroad and paid out $$25$

Someone landed on Boardwalk, paid us $$30$

Passed go and collected another $$200$

Landed on Altantic Ave, purchased it for $$200$

Chance card said to pay $$40$ for hospital fee.

Collected $$20$ when someone landed on our Atlantic Ave

Purchased another $10$ units for $$25$ each on account.