Questions:

1) Post General Journal to General Ledger

2)Do a trial Balance

3)Journal Adjust and Post

4)Adjusting Trial Balance

5)Income Statement

6)Stockholders Equity

7)Balance Statement

AUDIT PAGE - October AUDIT PAGE - Nov NAME: NAME: Playing piece: Dog (Submit this page with your practice Set) Playing piece: Dog (Submit this page with your practice Set) # Houses/Cost 1. Beginning property cards Name Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Cost $ 240 $ 220 $ 200 $ 300 $350 Beginning property cards Name Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Baltic Ave Mediterranean Ave Cost $ 240 $ 220 $ 200 $ 300 $ 350 $ 60 $60 # Hotels/Cost 1/$750 1/$750 1/$500 1/$1000 1/$1000 1/$250 1/$250 # Houses/Cost Cost $ 240 TOTAL $1430 $ 4500 $ 220 Ending Property cards Name Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Baltic Ave Mediterranean Ave $ 200 # Hotels/Cost 1/$750 1/$750 1/$500 1/$1000 1/$1000 1/$250 1/$250 $ 300 $ 350 $ 60 $600 # Houses/Cost Ending Property cards Name 1. Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Baltic Ave Mediterranean Ave # Hotels/Cost 1/$750 1/$750 1/$500 Cost $ 240 $ 220 $ 200 $ 300 $350 $ 60 $600 TOTAL $1430 $0 $ 4500 1/$1000 1/$250 1/$250 (Does it match the value in Property/Railroad/Buildings Accounts?) TOTAL $1430 $0 $ 3500 October Beginning Cash October Ending Cash (Does it match the value in Property/Railroad/Buildings Accounts?) $500 $100 $ 50 $20 $10 $5 2000 400 400 120 Nevemeber Beginning Cash October Ending Cash 50 $500 $100 $ 50 1000 400 200 $20 ++maco TOTAL 37 3000 2302 $10 90 140 (Does it match the General Ledger Cash Account for the month?) $1 TOTAL - 2302 1805 (Does it match the General Ledger Cash Account for the month?) General Journal Page 13 Credit Date Description/Account Name 1-Nov Cash Rent Revenue Post. Ref. 101 401 Debit 450 1 450 18 1-Nov Cash TRent Revenue 101 4011 18 1-Nov Property- Hotel Property- Hotel Common Stock 150 150 | 3000 750 750 1500 1000 2-NovCash Rent Revenue | 101 401 1000 800 2-Nov Property- Hotel Common Stock 150 300 800 100 2-Nov Travel Expense Cash Railroad 101 100 2501 3-Nov Cash Rent Revenue 101 401 2 50 450 3-Nov Cash Rent Revenue 101 401 450 3-NovlRent Expense 501 1150 Cash 1011 1150 General Journal ------ Page J41 Post. Ref. Credit Date Description Account Name 4-Novi Cash Sell Property - Hotel Debit 1000 10001 General Journal Page J2 Credit Date Description/Account Name 3-Oct Property-Hotel-Med Ave Property-Hotel-New York Ave Property-Hotel-Baltic Ave Cash Post. Ref. Debit 1500 2501 150 250| | 150 5001 1000 3-Oct Cash Rent Revenue 4-Oct No Transaction 5-Oct Cash Rent Revenue 101 401 450 75 5-Oct Cash Income Tax Expense 101 508 200 6-Oct Property-House-North Carolina Cash 150 101 200 2001 6-Oct Cash Consulting Revenue 101 402 200 501 30 6-Oct Rent Expense Cash 1000 31-Oct Supplies Accounts Payable 104 201 1000 1200 31-Oct|Prepaid Insurance Accounts Payable 103 201 12001 5000 31-Oct Accounts Recievable Cash 5000 General Journal Page J1 Credit Date Description/Account Name 1-OctCash Common Stock Invest in Buisness Post. Ref. Debit 101 3000 3001 3000 350 150 150 200 150 1-Oct|Property - Park Place Property - New York Ave Property - North Carolina Ave Property - Illinois Ave Property - Kentcuky Ave Common Stock 150 300 240 220 150 300 1-Oct Rent Expense Cash Rent for Vermont Ave 501 101 1-Oct Travel Expense Cash Railroad 101 2-Oct Property- Baltic Ave Property-Mediterranean Ave Common Stock 60 150 300 151 3-Oct Cash Tax Expense AUDIT PAGE - October AUDIT PAGE - Nov NAME: NAME: Playing piece: Dog (Submit this page with your practice Set) Playing piece: Dog (Submit this page with your practice Set) # Houses/Cost 1. Beginning property cards Name Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Cost $ 240 $ 220 $ 200 $ 300 $350 Beginning property cards Name Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Baltic Ave Mediterranean Ave Cost $ 240 $ 220 $ 200 $ 300 $ 350 $ 60 $60 # Hotels/Cost 1/$750 1/$750 1/$500 1/$1000 1/$1000 1/$250 1/$250 # Houses/Cost Cost $ 240 TOTAL $1430 $ 4500 $ 220 Ending Property cards Name Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Baltic Ave Mediterranean Ave $ 200 # Hotels/Cost 1/$750 1/$750 1/$500 1/$1000 1/$1000 1/$250 1/$250 $ 300 $ 350 $ 60 $600 # Houses/Cost Ending Property cards Name 1. Illinois Ave Kentucky Ave New York Ave North Carolina Park Place Baltic Ave Mediterranean Ave # Hotels/Cost 1/$750 1/$750 1/$500 Cost $ 240 $ 220 $ 200 $ 300 $350 $ 60 $600 TOTAL $1430 $0 $ 4500 1/$1000 1/$250 1/$250 (Does it match the value in Property/Railroad/Buildings Accounts?) TOTAL $1430 $0 $ 3500 October Beginning Cash October Ending Cash (Does it match the value in Property/Railroad/Buildings Accounts?) $500 $100 $ 50 $20 $10 $5 2000 400 400 120 Nevemeber Beginning Cash October Ending Cash 50 $500 $100 $ 50 1000 400 200 $20 ++maco TOTAL 37 3000 2302 $10 90 140 (Does it match the General Ledger Cash Account for the month?) $1 TOTAL - 2302 1805 (Does it match the General Ledger Cash Account for the month?) General Journal Page 13 Credit Date Description/Account Name 1-Nov Cash Rent Revenue Post. Ref. 101 401 Debit 450 1 450 18 1-Nov Cash TRent Revenue 101 4011 18 1-Nov Property- Hotel Property- Hotel Common Stock 150 150 | 3000 750 750 1500 1000 2-NovCash Rent Revenue | 101 401 1000 800 2-Nov Property- Hotel Common Stock 150 300 800 100 2-Nov Travel Expense Cash Railroad 101 100 2501 3-Nov Cash Rent Revenue 101 401 2 50 450 3-Nov Cash Rent Revenue 101 401 450 3-NovlRent Expense 501 1150 Cash 1011 1150 General Journal ------ Page J41 Post. Ref. Credit Date Description Account Name 4-Novi Cash Sell Property - Hotel Debit 1000 10001 General Journal Page J2 Credit Date Description/Account Name 3-Oct Property-Hotel-Med Ave Property-Hotel-New York Ave Property-Hotel-Baltic Ave Cash Post. Ref. Debit 1500 2501 150 250| | 150 5001 1000 3-Oct Cash Rent Revenue 4-Oct No Transaction 5-Oct Cash Rent Revenue 101 401 450 75 5-Oct Cash Income Tax Expense 101 508 200 6-Oct Property-House-North Carolina Cash 150 101 200 2001 6-Oct Cash Consulting Revenue 101 402 200 501 30 6-Oct Rent Expense Cash 1000 31-Oct Supplies Accounts Payable 104 201 1000 1200 31-Oct|Prepaid Insurance Accounts Payable 103 201 12001 5000 31-Oct Accounts Recievable Cash 5000 General Journal Page J1 Credit Date Description/Account Name 1-OctCash Common Stock Invest in Buisness Post. Ref. Debit 101 3000 3001 3000 350 150 150 200 150 1-Oct|Property - Park Place Property - New York Ave Property - North Carolina Ave Property - Illinois Ave Property - Kentcuky Ave Common Stock 150 300 240 220 150 300 1-Oct Rent Expense Cash Rent for Vermont Ave 501 101 1-Oct Travel Expense Cash Railroad 101 2-Oct Property- Baltic Ave Property-Mediterranean Ave Common Stock 60 150 300 151 3-Oct Cash Tax Expense