Question: Help me please !! I wanna create balance sheet for my Monopoly. I could make Income statement. but, for balance sheet... I'm struggling:( here is
Help me please !! I wanna create balance sheet for my Monopoly.
I could make Income statement. but, for balance sheet... I'm struggling:(
here is my income statement. and Liability is $0. and Opening Capital is $1,500.
| Income statement | |||
| Monopoly Work sheet | |||
| Feb 25, 2019 | |||
| Revenues: | |||
| Free parking Revenues | $1,015 | ||
| Rental Revenues | $214 | ||
| Pass Go Revenues | $800 | ||
| Miscellaneous Revenues | $580 | ||
| Total Revenues | $2,609 | ||
| Expenses: | |||
| Rent Expense | ($107) | ||
| Land (4 Property) | ($1,100) | ||
| Rail Road | ($200) | ||
| Utility (water works) | ($150) | ||
| Total Expenses | ($1,557) | ||
| Net income: | $1,052 | ||


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