Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please create T-accounts for a general ledger, a trial balance, income statement, statement of retained earnings, and a balance sheet with the following information. Date

Please create T-accounts for a general ledger, a trial balance, income statement, statement of retained earnings, and a balance sheet with the following information.  
CreditDebit$ 1.500.00$ 1.500.00$ 120.00$ 120,00$ 100.00$ 100.00$12.00$12.00$10.00$10.005400.00$ 400.00$ 200.0

$16.00$16.005 Apr Rent ExpenseCashLanded on New York Avenue6 Apr Miscellaneous Expense$50.00Cash$50.00$22.00$

$50.00$50.00$50.00$50.001-Sep Rent RevenueCashPlayer 2 landed on Boarwalk2-Sep Miscellaneous ExpenseCashSchool f 

Date Journal Entry Cash Player's Equity 1-Jan Land Cash Purchased Connecticut Avenue 2-Jan Miscellaneous Expense Cash Community Chest Hospital fee 3-Jan Rent Expense Cash Landed on Virginia Avenue 4-Jan Rent Revenue Cash Player 1 landed on Connecticut Avenue 5-Jan Land Cash 1-Feb Property Tax Expense Cash City tax fee 2-Feb Land Purchased Atlantic Avenue Cash Purchased St. Charles Place 3-Feb Miscellaneous Expense Cash Community Check Doctor's fee 4-Feb Land (Virigina Avenue) Land (Connecticut Avenue) Gain on Sale of Property 5-Feb Rent Revenue Cash Player 2 landed on St. Charles Place 6-feb Rent Revenue Cash Player 4 landed on Virginia Avenue 1-Mar Miscellaneous Revenue Cash Community Chest sale of stock 2-Mar Rent Expense Cash Landed on Oriental Avenue 3-Mar Land Cash Purchased Pennsylvania Railroad 4-Mar Rent Expense Cash Landed on B&O Railroad 5-Mar Rent Revenue Cash Player 1 landed on Pennsylvania Railroad 6-Mar Rent Expense Cash Landed on New York Avenue 1-Apr Rent Revenue Cash Player 3 landed on Atlantic Avenue 2-Apr Rent Revenue Cash Player 4 landed on Pennsylvania Railroad 3-Apr Land Cash Purchased Reading Railroad 4-Apr Rent Revenue Cash Player 4 landed on Reading Railroad Debit $1,500.00 $ 120.00 $ 100.00 $ $ 12.00 10.00 $ 400.00 $ 200.00 $ 140.00 $ 80.00 $ 160.00 $ 12:00 $ 10.00 S 50.00 5 6.00 $ 200.00 $ 25.00 $ $ 10.00 16.00 $ 22.00 5 10.00 $ 200.00 $ 50.00 Credit $1,500.00 $ 120.00 $ 100.00 $ 12.00 $ 10.00 $ 400.00 $ 200.00 $140.00 $ 80.00 $ 120.00 $ 12.00 $ 10.00 $ 50.00 $ 6.00 $ 200.00 $ 25.00 $ 10.00 $ 16.00 $ 22.00 $ 10.00 $ 200.00 $ 50.00

Step by Step Solution

3.47 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Question BALANCE SHEET Balanie cld To Players Equity Players Eq... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

More Books

Students also viewed these Accounting questions