Starting from your ending place in year one (with t amount of cash, property, etc. that was on your year one Balance Sheet). However, you starting fresh as far as revenues and expenses (since you closed out the income statemen accounts from year one). record all the the deflry! If you Second, prepare a manager's diary. Again, be sure to record all the game events that a you. carapany's experience in Third, do the accounting for your company's experience in year two using the same eig Sprejom steps as in year one. correspond with ctions Your set of financial statements should include an income statement, balance sheet, statem cash flows, statement of changes in owners' equity, as well as notes to the financial stateme Each statement should have a heading and be neat and in good form (1 strongly recommend using Excel to prepare the financial statements). Each statement should be on a separate pag Notes to the financial statements are to be ordered and numbered. In order, hand in the following on paper: 1. Cover page including your name and names of competing students. This is to be print from a word processing file. 2. Comparative financial statements, including a statement of cash flows. Now that we covered the statement of cash flows in class, you also need to prepare and submit a statement of cash flows for year one with this assignment. (Also, see hints below) 3. Supporting material (same items as indicated for year one). Hints for this assignment. 1. Remember to start the accounts with carry over balances from the end of year one. These ar for only the balance sheet accounts, Income statement accounts have been closed to retained earnings. 2. Remember that the balance sheet, income statement, statement of cash flows and statement owners' equity all contain a column of numbers for the current year, and a column for the previous year (year 1 in this case). These are comparative financial statements. prepare that financial statement for year one. Each statement should have a heading and be neat and in good form (1 strongly recommend using Excel to prepare the financial statements). Each statement should be on a separate page. Notes to the financial statements are to be ordered and numbered. In order, hand in the following on paper: Dodgorge 1. Cover page includes your name and names of competing students. This is to be printed from a word processing file. 2. Financial statements (see above notes). 3. Supporting material, including: a. Manager's diary (printed from a word processing file). b. Accounting joumal with regular, adjusting, and closing entries (hand-written or printed from word processing or spreadsheet file). c. General ledger (hand-written or printed from word processing or spreadsheet file). d. Trial balances - one each after transactions, adjustments and closing (hand-written or un printed from word processing or spreadsheet file). mibogan pang brous2 e. Original or photocopy of cash memo prepared by the banker (very important). It is OK to submit one containing all the game's information namedynivallabate o els f. Computations for all adjusting entries (hand-written or printed from word processing or spreadsheet file). g. List of ussets owned at end of year (hand-written or printed from word processing or built spreadsheet file). qoht Nollolar od blurade and Imol mol boog nie musi atap bon noita asan 01 Jasaa ubagumbisnis di Bogenas aulasme bolinh not to do it not T qosques o enoto o anoman to undo di antara til laga 19 s batub ad blood in yol ni A to be 001 SI IS DET odol boreog ned out into a lowo naladit popull Sociedli osobama Time llo 1001 noilo la solib so't baban kaybe batera MONT morte audit ons oor'.. Properties: Connecticut Ave Mediterranean Ave Marvin Garden Baltic Ave Short Line RR 1/1/01 Initial Cash Investment of $1500. Went to Jail 1/5/01 Moved to St James. Bought St James for 180. [Cash: S1500-$180-$1320] 1/8/01 Moved to Pennsylvania. Bought Pennsylvania RR for 300. (Cash: $1320-$300-$1020) 1/11/01 Moved to Marvin Garden. Bought Marvin garden for $280. Collected $24 rent from Ship (Cash: $1020-S280+$24. $764) 1/14/01 Moved to Short line RR. Bought short line RR for $200. Collected $689 free park [Cash: $764-S200+$689 $1253] 1/18/01 Paid income tax of $200. Payed rent to Electric Company of $36 to Dog [$1253-$200-$36 $10161 1/22/01 Paid S18 for rent for Kentucky Ave to Ship. (S1017-518-5999) LOL Words English (United State) Bc Hyphenation + Left: 0.5" Et Right: 0 Before: Opt Alter: Opt Position Wrap Text Bring Send Forward Backward Selection Align Pare Group Rotate 1/26/01 Moved to Mediterranean Ave. Won a bid to buy Mediterranean Ave for $60 from Hat. Rented St James for $14. [9999-960+$14-$953] 1/30/01 Received a refund for $20. Paid rent on park place $35. [$953+$20-$35=$938 2/4/01 Sold St James for $250 to Dog. $100 of Life insurance matures. Payed poor tax of $15 [8938+$250+$100-$15-$1273] 2/8/01 Won a bid of $122 to buy Connecticut Ave from Ship. Paid electric for $50 to Dog [S1273-5122-950-S1101) 2/12/01 Rented Marvin gardens for $24 to Hat. Rented Marvin Gardens for $24 to Hot [S1101-S24+$24-81149) 2/16/01 Received Free parking of $465. ($114948465-51614) 1 2/17/01 Received $50 from Ship [S16144850-$1664) 2/22/01 Paid rent on Ventnor Ave to Dog for $22. [S1664-822-81642) 2/26/01 Paid rent of 526 for North Carolina Ave to Hat Collected a salary of $200 paid S6 for renting Oriental Ave to Hat ($1642-26 $200-56 $18101 3/2/01 Paid rent on St. Charles Ave for $10 to Dog. Rented Mediterranean Ave to Jackson for $2 [S1810-$10+52-51802) 3/6/01 Received Free parking of 5518 [S180245518-523201 3/10/01 Went to jail. Paid $50 to get out of jail [$2320-$50-$2270) 3/14/01 Collected $50 from each player for singing the grand opera. Paid $18 to Kentucky avenue to Ship [82270+850(30)-818=82402) 3/18/01 Paid $50 for B&O railway road to Hat {$2402-850=82352] 3/22/01 Collected $200 from bank error in my favor. Collected rent for Short line for $25 to Ship. (S2352+$200+825 $2577) 3/26/01 Collected rent of $24 for Marvin garden from Dog. Payed hospital S100 [S2577+S24-8100-$2501) 3/16/01 Payed rent of S10 for St Charles to Dog. Rented Marvin Ave for $24 [S2501-10+$24-$25151 I 3/20/01 Went back to jail. Collected S25 Short line for $25 [S2515+525 52540) Cash len 2540 spot Jail. Backward Pane 1/1/01 Initial Cash Investment of $1500. Went to Jail 1/5/01 Moved to St James. Bought St James for 180. [Cash: $1500-$180-$1320] 1/8/01 Moved to Pennsylvania. Bought Pennsylvania RR for 300. [Cash: $1320-$300-$1020) 1/11/01 Moved to Marvin Garden. Bought Marvin garden for $280. Collected $24 rent from Ship [Cash: $1020-$280+S24-$764) 1/14/01 Moved to Short line RR. Bought short line RR for $200. Collected $689 free park [Cash: $764-$200+8689-$1253] 1/18/01 Paid income tax of $200. Payed rent to Electric Company of S36 to Dog [$1253-$200-$36=$1017] 1/22/01 Paid $18 for rent for Kentucky Ave to Ship. [$1017-$18=$999] gins Orientation , Arer 0.5 08 Before Columns Breaks ypation Pood w ng Right 0 Selection All OR Opt WARE Pane 1/26/01 Moved to Mediterranean Ave. Won a bid to buy Mediterranean Ave for $60 from Hat Rented St James for $14. [$999-560+$14-$953] 1/30/01 Received a refund for S20. Paid rent on park place $35. [$953+$20-$35-$938 2/4/01 Sold St James for $250 to Dog. S100 of Life insurance matures. Payed poor tax of Sis [$938+$250+$100-$15-$1273) 2/8/01 Won a bid of $122 to buy Connecticut Ave from Ship. Puid electric for $50 to Dog [$1273-8122-550 $1101] 2/12/01 Rented Marvin gardens for $24 to Hat. Rented Marvin Gardens for S24 to Hat [S1101+$24+$24-$1149] 2/16/01 Received Free parking of S465. [$114915465-51614) 2/17/01 Received $50 from Ship, ($1614+550-51664) 2/22/01Paid rent on Ventnor Ave to Dog for $22. [S1664-522-51642] 2/26/01 Paid rent of $26 for North Carolina Ave to Hat. Collected a salary of $200 paid 56 for renting Oriental Ave to Har [S1642-26+$200-56-51810) 3/2/01 Paid rent on St. Charles Ave for $10 to Dog Rented Mediterranean Ave to Jackson for S2 [$1810-S10-S2-$1802) 3/6/01 Received Free parking of 5518 [S1802+5518-52320) English (United States or Paus 2 3/10/01 Went to jail. Paid $50 to get out of jail [$2320-950$2270] 3/14/01 Collected $50 from each player for singing the grand opera. Paid $18 to Kentucky avenue to Ship [$2270+$50(30)-$18=82402) 3/18/01 Paid $50 for B&O railway road to Hat [$2402-$50=82352] 3/22/01 Collected $200 from bank error in my favor. Collected rent for Short line for $25 to Ship. [$2352+$200+$25=$2577] 3/26/01 Collected rent of $24 for Marvin garden from Dog. Payed hospital $100 [$2577+$24-$100-$2501] 3/16/01 Payed rent of $10 for St Charles to Dog. Rented Marvin Ave for $24 [$2501-$10+$24=$2515] 3/20/01 Went back to jail, Collected $25 Short line for $25 [$2515+$25=$2540) Cash left 2540 spot Jail. Cash memo S1311 501 Company Dog (Jackson) Top hat (McKinley) Ship (Dominic) Car (Me) Free parking 650 $2540 $50 prepare that financial statement for year one. Each statement should have a heading and be neat and in good form (I strongly recommend using Excel to prepare the financial statements). Each statement should be on a separate page. Notes to the financial statements are to be ordered and numbered. In order, hand in the following on paper: TT ou aizA 1. Cover page includes your name and names of competing students. This is to be printed from a word processing file. 2. Financial statements (see above notes). 3. Supporting material, including: a. Manager's diary (printed from a word processing file). 1090/OM (121 b. Accounting journal with regular, adjusting, and closing entries (hand-written or more printed from word processing or spreadsheet file). mydi vald c. General ledger (hand-written or printed from word processing or spreadsheet file). d. Trial balances - one each after transactions, adjustments and closing (hand-written or oy printed from word processing or spreadsheet file) .vib e'pgenom suspi bno592 be Original or photocopy of cash memo prepared by the banker (very important). It is OK to iw submit one containing all the game's information, ni arsy or gniyalq ainobute tolto diw f. Computations for all adjusting entries (hand-written or printed from word processing or spreadsheet file). og List of assets owned at end of year (hand-written or printed from spreadsheet file). word Drassing op 29912 garwollol or od blode comuns Ismol mol boog ni ing loro record brus anoisonnu sylen OlJUHLA 38 sibliogonadi ni ainavo dtiw broaunos um broy bolsb Starting from your ending place in year one (with t amount of cash, property, etc. that was on your year one Balance Sheet). However, you starting fresh as far as revenues and expenses (since you closed out the income statemen accounts from year one). record all the the deflry! If you Second, prepare a manager's diary. Again, be sure to record all the game events that a you. carapany's experience in Third, do the accounting for your company's experience in year two using the same eig Sprejom steps as in year one. correspond with ctions Your set of financial statements should include an income statement, balance sheet, statem cash flows, statement of changes in owners' equity, as well as notes to the financial stateme Each statement should have a heading and be neat and in good form (1 strongly recommend using Excel to prepare the financial statements). Each statement should be on a separate pag Notes to the financial statements are to be ordered and numbered. In order, hand in the following on paper: 1. Cover page including your name and names of competing students. This is to be print from a word processing file. 2. Comparative financial statements, including a statement of cash flows. Now that we covered the statement of cash flows in class, you also need to prepare and submit a statement of cash flows for year one with this assignment. (Also, see hints below) 3. Supporting material (same items as indicated for year one). Hints for this assignment. 1. Remember to start the accounts with carry over balances from the end of year one. These ar for only the balance sheet accounts, Income statement accounts have been closed to retained earnings. 2. Remember that the balance sheet, income statement, statement of cash flows and statement owners' equity all contain a column of numbers for the current year, and a column for the previous year (year 1 in this case). These are comparative financial statements. prepare that financial statement for year one. Each statement should have a heading and be neat and in good form (1 strongly recommend using Excel to prepare the financial statements). Each statement should be on a separate page. Notes to the financial statements are to be ordered and numbered. In order, hand in the following on paper: Dodgorge 1. Cover page includes your name and names of competing students. This is to be printed from a word processing file. 2. Financial statements (see above notes). 3. Supporting material, including: a. Manager's diary (printed from a word processing file). b. Accounting joumal with regular, adjusting, and closing entries (hand-written or printed from word processing or spreadsheet file). c. General ledger (hand-written or printed from word processing or spreadsheet file). d. Trial balances - one each after transactions, adjustments and closing (hand-written or un printed from word processing or spreadsheet file). mibogan pang brous2 e. Original or photocopy of cash memo prepared by the banker (very important). It is OK to submit one containing all the game's information namedynivallabate o els f. Computations for all adjusting entries (hand-written or printed from word processing or spreadsheet file). g. List of ussets owned at end of year (hand-written or printed from word processing or built spreadsheet file). qoht Nollolar od blurade and Imol mol boog nie musi atap bon noita asan 01 Jasaa ubagumbisnis di Bogenas aulasme bolinh not to do it not T qosques o enoto o anoman to undo di antara til laga 19 s batub ad blood in yol ni A to be 001 SI IS DET odol boreog ned out into a lowo naladit popull Sociedli osobama Time llo 1001 noilo la solib so't baban kaybe batera MONT morte audit ons oor'.. Properties: Connecticut Ave Mediterranean Ave Marvin Garden Baltic Ave Short Line RR 1/1/01 Initial Cash Investment of $1500. Went to Jail 1/5/01 Moved to St James. Bought St James for 180. [Cash: S1500-$180-$1320] 1/8/01 Moved to Pennsylvania. Bought Pennsylvania RR for 300. (Cash: $1320-$300-$1020) 1/11/01 Moved to Marvin Garden. Bought Marvin garden for $280. Collected $24 rent from Ship (Cash: $1020-S280+$24. $764) 1/14/01 Moved to Short line RR. Bought short line RR for $200. Collected $689 free park [Cash: $764-S200+$689 $1253] 1/18/01 Paid income tax of $200. Payed rent to Electric Company of $36 to Dog [$1253-$200-$36 $10161 1/22/01 Paid S18 for rent for Kentucky Ave to Ship. (S1017-518-5999) LOL Words English (United State) Bc Hyphenation + Left: 0.5" Et Right: 0 Before: Opt Alter: Opt Position Wrap Text Bring Send Forward Backward Selection Align Pare Group Rotate 1/26/01 Moved to Mediterranean Ave. Won a bid to buy Mediterranean Ave for $60 from Hat. Rented St James for $14. [9999-960+$14-$953] 1/30/01 Received a refund for $20. Paid rent on park place $35. [$953+$20-$35=$938 2/4/01 Sold St James for $250 to Dog. $100 of Life insurance matures. Payed poor tax of $15 [8938+$250+$100-$15-$1273] 2/8/01 Won a bid of $122 to buy Connecticut Ave from Ship. Paid electric for $50 to Dog [S1273-5122-950-S1101) 2/12/01 Rented Marvin gardens for $24 to Hat. Rented Marvin Gardens for $24 to Hot [S1101-S24+$24-81149) 2/16/01 Received Free parking of $465. ($114948465-51614) 1 2/17/01 Received $50 from Ship [S16144850-$1664) 2/22/01 Paid rent on Ventnor Ave to Dog for $22. [S1664-822-81642) 2/26/01 Paid rent of 526 for North Carolina Ave to Hat Collected a salary of $200 paid S6 for renting Oriental Ave to Hat ($1642-26 $200-56 $18101 3/2/01 Paid rent on St. Charles Ave for $10 to Dog. Rented Mediterranean Ave to Jackson for $2 [S1810-$10+52-51802) 3/6/01 Received Free parking of 5518 [S180245518-523201 3/10/01 Went to jail. Paid $50 to get out of jail [$2320-$50-$2270) 3/14/01 Collected $50 from each player for singing the grand opera. Paid $18 to Kentucky avenue to Ship [82270+850(30)-818=82402) 3/18/01 Paid $50 for B&O railway road to Hat {$2402-850=82352] 3/22/01 Collected $200 from bank error in my favor. Collected rent for Short line for $25 to Ship. (S2352+$200+825 $2577) 3/26/01 Collected rent of $24 for Marvin garden from Dog. Payed hospital S100 [S2577+S24-8100-$2501) 3/16/01 Payed rent of S10 for St Charles to Dog. Rented Marvin Ave for $24 [S2501-10+$24-$25151 I 3/20/01 Went back to jail. Collected S25 Short line for $25 [S2515+525 52540) Cash len 2540 spot Jail. Backward Pane 1/1/01 Initial Cash Investment of $1500. Went to Jail 1/5/01 Moved to St James. Bought St James for 180. [Cash: $1500-$180-$1320] 1/8/01 Moved to Pennsylvania. Bought Pennsylvania RR for 300. [Cash: $1320-$300-$1020) 1/11/01 Moved to Marvin Garden. Bought Marvin garden for $280. Collected $24 rent from Ship [Cash: $1020-$280+S24-$764) 1/14/01 Moved to Short line RR. Bought short line RR for $200. Collected $689 free park [Cash: $764-$200+8689-$1253] 1/18/01 Paid income tax of $200. Payed rent to Electric Company of S36 to Dog [$1253-$200-$36=$1017] 1/22/01 Paid $18 for rent for Kentucky Ave to Ship. [$1017-$18=$999] gins Orientation , Arer 0.5 08 Before Columns Breaks ypation Pood w ng Right 0 Selection All OR Opt WARE Pane 1/26/01 Moved to Mediterranean Ave. Won a bid to buy Mediterranean Ave for $60 from Hat Rented St James for $14. [$999-560+$14-$953] 1/30/01 Received a refund for S20. Paid rent on park place $35. [$953+$20-$35-$938 2/4/01 Sold St James for $250 to Dog. S100 of Life insurance matures. Payed poor tax of Sis [$938+$250+$100-$15-$1273) 2/8/01 Won a bid of $122 to buy Connecticut Ave from Ship. Puid electric for $50 to Dog [$1273-8122-550 $1101] 2/12/01 Rented Marvin gardens for $24 to Hat. Rented Marvin Gardens for S24 to Hat [S1101+$24+$24-$1149] 2/16/01 Received Free parking of S465. [$114915465-51614) 2/17/01 Received $50 from Ship, ($1614+550-51664) 2/22/01Paid rent on Ventnor Ave to Dog for $22. [S1664-522-51642] 2/26/01 Paid rent of $26 for North Carolina Ave to Hat. Collected a salary of $200 paid 56 for renting Oriental Ave to Har [S1642-26+$200-56-51810) 3/2/01 Paid rent on St. Charles Ave for $10 to Dog Rented Mediterranean Ave to Jackson for S2 [$1810-S10-S2-$1802) 3/6/01 Received Free parking of 5518 [S1802+5518-52320) English (United States or Paus 2 3/10/01 Went to jail. Paid $50 to get out of jail [$2320-950$2270] 3/14/01 Collected $50 from each player for singing the grand opera. Paid $18 to Kentucky avenue to Ship [$2270+$50(30)-$18=82402) 3/18/01 Paid $50 for B&O railway road to Hat [$2402-$50=82352] 3/22/01 Collected $200 from bank error in my favor. Collected rent for Short line for $25 to Ship. [$2352+$200+$25=$2577] 3/26/01 Collected rent of $24 for Marvin garden from Dog. Payed hospital $100 [$2577+$24-$100-$2501] 3/16/01 Payed rent of $10 for St Charles to Dog. Rented Marvin Ave for $24 [$2501-$10+$24=$2515] 3/20/01 Went back to jail, Collected $25 Short line for $25 [$2515+$25=$2540) Cash left 2540 spot Jail. Cash memo S1311 501 Company Dog (Jackson) Top hat (McKinley) Ship (Dominic) Car (Me) Free parking 650 $2540 $50 prepare that financial statement for year one. Each statement should have a heading and be neat and in good form (I strongly recommend using Excel to prepare the financial statements). Each statement should be on a separate page. Notes to the financial statements are to be ordered and numbered. In order, hand in the following on paper: TT ou aizA 1. Cover page includes your name and names of competing students. This is to be printed from a word processing file. 2. Financial statements (see above notes). 3. Supporting material, including: a. Manager's diary (printed from a word processing file). 1090/OM (121 b. Accounting journal with regular, adjusting, and closing entries (hand-written or more printed from word processing or spreadsheet file). mydi vald c. General ledger (hand-written or printed from word processing or spreadsheet file). d. Trial balances - one each after transactions, adjustments and closing (hand-written or oy printed from word processing or spreadsheet file) .vib e'pgenom suspi bno592 be Original or photocopy of cash memo prepared by the banker (very important). It is OK to iw submit one containing all the game's information, ni arsy or gniyalq ainobute tolto diw f. Computations for all adjusting entries (hand-written or printed from word processing or spreadsheet file). og List of assets owned at end of year (hand-written or printed from spreadsheet file). word Drassing op 29912 garwollol or od blode comuns Ismol mol boog ni ing loro record brus anoisonnu sylen OlJUHLA 38 sibliogonadi ni ainavo dtiw broaunos um broy bolsb