enter into chart account

plug these categories into the chart.

MONOPOLY Quarter 1 Opening Entries: Sold 100 shares of common stock with a par value of $10 for $12 each 2. Purchased supplies on account for $100 3. Set up an investment account with a deposit of $1000 (APR.8%). 4. Purchased equipment on account for $1200. Residual value = $200 and useful life = 5 yrs 5. Purchased 20 units of inventory for $10 each on account 6. Borrowed $1200 and signed a 3 yr note for 6% APR 7. Prepaid rent for the next 9 months for $135 8. Prepaid insurance for the next 15 months for $300 9. Collected $200 from a customer deposit who plans to stay on one of your properties be one week at the end of Qi and another week at the end of 02. Reminders: Record and explanation after each entry List all debits before credits You can only place houses/hotels/solar plants/bullet trains when instructor allows Pass go or land on free parking and collect $200 until told otherwise When in jail you do not collect or pay any cash If you land on a property and don't want to buy it, it does up to auction All community chess, chance, luxury tax and income tax items go to either misc. rev. or expense ense Sxpense Expense 9 entries! estments Your Company's Name Monopoly what ss on Sale Interest Exper Supplies Ex Insuranc Depre CO MONOPOLY Quarter 1 Opening Entries: Sold 100 shares of common stock with a par value of $10 for $12 each 2. Purchased supplies on account for $100 3. Set up an investment account with a deposit of $1000 (APR.8%). 4. Purchased equipment on account for $1200. Residual value = $200 and useful life = 5 yrs 5. Purchased 20 units of inventory for $10 each on account 6. Borrowed $1200 and signed a 3 yr note for 6% APR 7. Prepaid rent for the next 9 months for $135 8. Prepaid insurance for the next 15 months for $300 9. Collected $200 from a customer deposit who plans to stay on one of your properties be one week at the end of Qi and another week at the end of 02. Reminders: Record and explanation after each entry List all debits before credits You can only place houses/hotels/solar plants/bullet trains when instructor allows Pass go or land on free parking and collect $200 until told otherwise When in jail you do not collect or pay any cash If you land on a property and don't want to buy it, it does up to auction All community chess, chance, luxury tax and income tax items go to either misc. rev. or expense ense Sxpense Expense 9 entries! estments Your Company's Name Monopoly what ss on Sale Interest Exper Supplies Ex Insuranc Depre CO