Accounting Essay

Order Details;

The General Journal of the Monopoly game has been done but the Debit or Credit have not then thus should be highlighted. 

 

Prepare a T account , Trial Balance, Income Statement and Balance sheet of my General Journal.

 

 

 

GENERAL JOURNAL ENTRY
1 2
GENERAL
ACCOUNT TITLE DEBIT CREDIT
1 started with 1000 cash 1
2 Atlantic property bought (-) $260 cash (+) Asset property 2
3 Pacific Avenue bought (-) $300 cash (+) Asset Property 3
4 Pass go (+) $200 cash 4
5 St.James Property (-) $180 cash (+) Asset Property 5
6 Rent paid (-) 22 cash 6
7 Short Line Rail Road Property Bought (-) $200 cash (+ Asset) 7
8 Luxury Tax (-) $100 8
9 Sold Short Line Rail Road for (+) $295 cash 9
10 Pass go (+) $200 cash 10
11 Got Rent (+) $14 cash 11
12 Got Rent (+) $14 cash 12
13 Got (+) $50 cash from Lottery 13
14 Got (+) $25 cash from Community Chest 14
15 Got Rent (+) $26 cash 15
16 Pass go (+) $200 cash 16
17 Got Rent (+) $14 cash 17
18 Rent paid (-) 26 cash 18
19 Rent paid (+) 22 cash 19
20 Bought Virgina Avenue Property (-) $160 cash (+) Asset 20
21 Rent paid (-) 28 cash 21
22 Rent got (+) 22 cash 22
23 Luxury Tax (-) $100 23
24 Pass go (+) $200 cash 24
25 Bought Reading Rail road (-) $200 cash (+) Asset 25
26 Pass go (+) $200 cash 26
27 Rent Got (+) 22 cash 27
28 Bought Marvin Gardens (-) $280 cash (+) Asset 28
29 Rent Paid (-) $50 cash 29
30 Rent got (+) 22 cash 30
31 Pass go (+) $200 cash 31
32 Lottery Income (+) $50 cash 32
33 Rent got (+) 25 cash 33
34 Bought Tennessee Propety (-) $180 Cash (+) Asset 34
35 Bought Ventor Avenue Property (-) $260 cash (+) Asset 35
36 Pass go (+) $200 cash 36
37 3 Houses bought For (Marvin gardens, Ventor Avenue, Atlantic Avenue) (-) $450 cash 37
38 Rent paid (-) 28 cash 38
39 Pass go (+) $200 cash 39
40 Rent got (+) 10 cash 40
41 Bought States Avenue (-) $140 cash (+) Asset 41
42 Rent got (+) 14 cash 42
43 Rent got (+) 120 cash for 1 house on Ventor Avenue Property 43
44 Pass go (+) $200 cash 44
45 Rent paid (-) 8 cash 45
46 Rent Got (+) 26 cash 46
47 Rent Got (+) 26 cash 47
48 Pass go (+) $200 cash 48
49 Rent got (+) 10 cash 49
50 Rent paid (-) 16 cash 50
51 Rent got (+) 14 cash 51
52 Rent got (+) 120 cash for 1 house on Ventor Avenue Property 52
53 3 Houses bought For (Marvin gardens, Ventor Avenue, Atlantic Avenue) (-) $450 cash 53
54 Pass go (+) $200 cash 54
55 Rent paid (-) 10 cash 55
56 Lottery Income (+) $200 cash 56
57 Rent got (+) 14 cash 57
58 Bought St.Charles Place for (-) $275 cash 58
59 Bought New York Place for (-) $275 cash 59
60 Rent got (+) 10 cash 60
61 Rent got (+) 330 cash for 2 house on Marvin Gardens Property 61