1 Transaction Analysis Chart for each transaction

2 Detail each transaction in the Expanded Accounting Equation.

3 Write journal entries for each transaction.

4 Post the journal entries to the various accounts.

5 Complete a trial balance of where you stand at the end of tomorrows play.

Transaction Analysis Chart
Date	Transaction	Accounts Affected:	Type of Account: A, E, L, OE, I	Increase/ Decrease	Debit	Credit
9/5	1	Cash	Asset	Increase	$1,500
		Common Stock	Owners Equity	Increase		$1,500
9/5	2	Land			$60
		Cash				$60
		Title Deeds Baltic Avenue
9/5	3	Rent Expense			10
		Cash				10
		Rent to St. Charles Place
9/5	4	Rent Expense			14
		Cash				14
		Rent to Tennessee Avenue
9/5	5	Investment in Utility			150
		Cash				150
		Purchased Water Works
9/5	6	Land			400
		Cash				400
		Title Deeds Boardwalk
9/5	7	Cash			50
		Rental Revenue				50
		Collected rent on Boardwalk property
9/5	8	Cash			200
		Service Revenue				200
		Pass G0
9/5	9	Land			120
		Cash				120
		Title Deeds Connecticut Avenue
9/5	10	Land			160
		Cash				160
		Title Deeds Virginia Avenue
9/5	11	Investment in Railroad			200
		Cash				200
		Purchased of B. & O. Railroad
9/5	12	Land			300
		Cash				300
		Title Deeds Pacific Avenue
9/5	13	Cash			36
		Rental Revenue				36
		Collected rent from Water Works
9/5	14	Land			350
		Cash				350
		Title Deeds Park Place
9/5	15	Cash			200
		Service Revenue				200
		Pass GO
9/5	16	Cash			25
		Other Revenue				25
		Community Chest (Consultancy fee)
9/5	17	Land			117
		Cash				117
		Title Deeds Ventnor Avenue
9/5	18	Investment in Railroad			117
		Cash				117
		Purchased Pennsylvania Railroad
9/5	19	Cash			200
		Service Revenue				200
		Community chest (Pass GO)
9/5	20	Cash			26
		Rental Revenue				26
		Collected rent on Pacific Avenue
9/5	21	Other Expense			50
		Cash				50
		Post Bail
9/5	22	Cash			10
		Other revenue				10
		Community Chest (Beauty Constant)

Expanded Accounting Equation
T#	Asset		+	Expenses	=	Liabilities	+	Owners Equity	+	Income
	Cash	Accounts Receivable		Land
EX	+$1,500							+1,500
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Sum			+		=		+		+

Journal Entries
T#	Description	Debit	Credit
EX	Cash Common Stock	1500	1500
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

4.) Post to T-Accounts

Assets =				Liabilities +		Stockholders Equity
Cash		Land		Prepaid Rent		Common Stock		Dividends
DR	CR	DR	CR	DR	CR	DR	CR	DR	CR
(1) 1500							(1) 1500
Bal. 1500		Bal.			Bal.		Bal. 1500		Bal.
Accounts Receivable				Accounts Payable		Revenue
DR	CR			DR	CR	DR	CR
Bal.				Bal.			Bal.

Trial Balance
Accounts	Debit	Credit
Cash
Land
Accounts Receivable
Prepaid Rent
Accounts Payable
Common Stock
Dividends
Revenue
Totals