Use the following transactions to make the following:

Journal entries

Posting to T-accounts

Trial balance

Statement of Retained Earnings

Income Statement

Balance sheet

Transactions:

Starting cash on hand (COH): $2,000 (10 rolls)

List of transactions:

1. Bought Mediterranean Avenue (-$60), COH: $1,940

2. Bought Oriental Avenue ($100), COH: $1,840

3. Bought St. Charles Place ($140), COH: $1,700

4. Landed on St. James Place (already purchased), had to pay rent $50, COH: $1,650

5. Bought Atlantic Avenue ($260), COH $1,390 + $200 because passed GO space ($1,590)

6. Landed on community chest, had to pay rent $100, COH: $1,490

7. Landed on New York Avenue (already purchased), had to pay rent $80, COH: $1,410

8. Landed on community chest, had to pay rent $50, COH $1,360

9. Bought Pacific Avenue ($300), COH $1,060

10. Bought Reading Railroad ($200), COH $860

Total cash expended during the game: $1,140

Cash on hand at the end: $860