Unadjusted Trial balance, Adjusted Trial balance, INCOME STATEMENT, RETAINED EARNINGS STATEMENT, BALANCE SHEET, AND (DIRECT METHOD STATEMENT OF CASH FLOWS) IS NEEDED

GENERAL JOURNAL TURN CREDIT DEBIT 1500 1 DESCRIPTION cash Common stock (Sold common stock) REF 100 300 1500 2. 100 land Cash (Purchased Vermont ave.). 150 100 100 3 180 land cash (Purchased st. James place) 140 100 180 4 120 100 560 120 5 200 120 100 200 6 200 100 410 200 7 100 150 Cash Repairs and maintenance expense (Clean up the mass) Investment railroad cash (Purchased railroad) Cash Consulting revenue (passed go and earned salary) Cash Mortgage payable (Mortgaged water works) cash Rent revenue (rent from Vermont ave.) Land Cash (Purchased Connecticut ave.). Cash Land- Connecticut ave, (Gain on sale property) 200 150 8 8 100 400 8 9 120 140 100 120 10 250 100 140 450 120 130 BALANCE SHEET ACCOUNTS INCOME STATEMENT ACCOUNTS Asset Accounts 100 Cash 110 Accounts Receivable 120 Investments - Railroad 130 Investments - Utilities 140 Land 150 Buildings - Houses Accumulated Depreciation - 160 Houses Revenue or Gain Accounts 400 Rent Revenue 410 Consulting Revenue 420 Utility & Railway Revenue 430 Interest Revenue 440 Miscellaneous Revenue 450 Gain on Sale of Property 170 Buildings - Hotels Accumulated Depreciation - Hotels Other Assets 180 190 Liability Accounts 200 Mortgage Payable 210 Interest Payable 220 Income Tax Payable 230 Property Tax Payable 240 Other Payables Expense or Loss Accounts 500 Rent Expense 510 Utility & Railway Expense 520 Fines & Penalties Expense 530 Income Tax Expense 540 Luxury Tax Expense 550 Property Tax Expense 560 Repairs & Maintenance Expense 570 Depreciation Expense 580 Interest Expense 590 Miscellaneous Expense 595 Loss on Sale of Property Equity Accounts 300 Common Stock 310 Retained Earnings GENERAL JOURNAL TURN CREDIT DEBIT 1500 1 DESCRIPTION cash Common stock (Sold common stock) REF 100 300 1500 2. 100 land Cash (Purchased Vermont ave.). 150 100 100 3 180 land cash (Purchased st. James place) 140 100 180 4 120 100 560 120 5 200 120 100 200 6 200 100 410 200 7 100 150 Cash Repairs and maintenance expense (Clean up the mass) Investment railroad cash (Purchased railroad) Cash Consulting revenue (passed go and earned salary) Cash Mortgage payable (Mortgaged water works) cash Rent revenue (rent from Vermont ave.) Land Cash (Purchased Connecticut ave.). Cash Land- Connecticut ave, (Gain on sale property) 200 150 8 8 100 400 8 9 120 140 100 120 10 250 100 140 450 120 130 BALANCE SHEET ACCOUNTS INCOME STATEMENT ACCOUNTS Asset Accounts 100 Cash 110 Accounts Receivable 120 Investments - Railroad 130 Investments - Utilities 140 Land 150 Buildings - Houses Accumulated Depreciation - 160 Houses Revenue or Gain Accounts 400 Rent Revenue 410 Consulting Revenue 420 Utility & Railway Revenue 430 Interest Revenue 440 Miscellaneous Revenue 450 Gain on Sale of Property 170 Buildings - Hotels Accumulated Depreciation - Hotels Other Assets 180 190 Liability Accounts 200 Mortgage Payable 210 Interest Payable 220 Income Tax Payable 230 Property Tax Payable 240 Other Payables Expense or Loss Accounts 500 Rent Expense 510 Utility & Railway Expense 520 Fines & Penalties Expense 530 Income Tax Expense 540 Luxury Tax Expense 550 Property Tax Expense 560 Repairs & Maintenance Expense 570 Depreciation Expense 580 Interest Expense 590 Miscellaneous Expense 595 Loss on Sale of Property Equity Accounts 300 Common Stock 310 Retained Earnings