rn Monopoly Transactions These are the transactions that occurred when you played Monopoly. Use these transactions to
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Monopoly Transactions These are the transactions that occurred when you "played" Monopoly. Use these transactions to complete the requirements noted above. 1) Started the business by investing $1,500 into the business. 2) Purchased Electric Company for $150. 3) Purchased Illinois for $240. 4) Purchased North Carolina for $300. 5) Purchased Short Line Railroad for $200. 6) Purchased Boardwalk for $400. 7) Passed Go and collected $200 (Hint. SERVICE REVENUE). 8) Purchased Baltic for $60. 9) Purchased St. James for $180. 10) Paid $20 rent. 11) Paid $50 doctor's fee. 12) Passed Go and collected $200. 13) Paid $10 rent. 14) Received $20 rent 15) Paid $15 rent. Ending cash = $295. Monopoly Transactions These are the transactions that occurred when you "played" Monopoly. Use these transactions to complete the requirements noted above. 1) Started the business by investing $1,500 into the business. 2) Purchased Electric Company for $150. 3) Purchased Illinois for $240. 4) Purchased North Carolina for $300. 5) Purchased Short Line Railroad for $200. 6) Purchased Boardwalk for $400. 7) Passed Go and collected $200 (Hint. SERVICE REVENUE). 8) Purchased Baltic for $60. 9) Purchased St. James for $180. 10) Paid $20 rent. 11) Paid $50 doctor's fee. 12) Passed Go and collected $200. 13) Paid $10 rent. 14) Received $20 rent 15) Paid $15 rent. Ending cash = $295.
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Monopoly Journal entries No Account Debit Credit 1 Cash 1500 Your Name Capital 1500 2 Utility ... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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