Monopoly Project Transaction Day External Transactions 1 1 Made a cash investment in the Monopoly Business of $1,500 2 2 Made a purchase of Reading Railroad for $200 3 3 Made a purchase at St. Charles Pl. for $140 4 4 Auctioned for Tennessee Ave. but dropped out 5 5 Made a purchase at Vendor Ave. for $260 6 6 Made a purchase at the Short Line for $200 7 7 Made a purchase at Park Place for $350 8 8 Rolled doubles and ended up in jail 9 9 Paid $50 to post bail 10 10 Auctioned for Virginia Ave. but dropped out 11 11 Received rent for $50 by Dog at Park Place 12 12 Auctioned for Kentucky Ave. but dropped out 13 13 Purchased Waterworks Utility for $150 14 14 Moved to the Short Line 15 15 Received $200 from the bank for landing on GO 16 16 Received rent for $16 by Dog at Vendor Ave. 17 17 Purchased Pennsylvania Ave. for $20 18 18 Purchased Oriental Ave. for $100 19 19 Paid Dog $12 Rent at Virginia Ave. 20 20 Received rent at Reading Railroad for $50 by Dog 21 21 Paid Dog $18 Rent at Kentucky Ave Day Assets = Liabilities + Stockholders' Equity Cash Property Rent/Jail Expense Revenue (consulting, rent) Capital 1 (Example) Cash investment in business $1,500 $1,500 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Total Journal Entry (Example) Transaction Debit Credit Capital 1500 Cash 1500
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Transaction |
Day |
External Transactions |
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1 |
1 |
Made a cash investment in the Monopoly Business of $1,500 |
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2 |
2 |
Made a purchase of Reading Railroad for $200 |
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3 |
3 |
Made a purchase at St. Charles Pl. for $140 |
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4 |
4 |
Auctioned for Tennessee Ave. but dropped out |
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5 |
5 |
Made a purchase at Vendor Ave. for $260 |
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6 |
6 |
Made a purchase at the Short Line for $200 |
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7 |
7 |
Made a purchase at Park Place for $350 |
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8 |
8 |
Rolled doubles and ended up in jail |
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9 |
9 |
Paid $50 to post bail |
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10 |
10 |
Auctioned for Virginia Ave. but dropped out |
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11 |
11 |
Received rent for $50 by Dog at Park Place |
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12 |
12 |
Auctioned for Kentucky Ave. but dropped out |
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13 |
13 |
Purchased Waterworks Utility for $150 |
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14 |
14 |
Moved to the Short Line |
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15 |
15 |
Received $200 from the bank for landing on GO |
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16 |
16 |
Received rent for $16 by Dog at Vendor Ave. |
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17 |
17 |
Purchased Pennsylvania Ave. for $20 |
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18 |
18 |
Purchased Oriental Ave. for $100 |
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19 |
19 |
Paid Dog $12 Rent at Virginia Ave. |
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20 |
20 |
Received rent at Reading Railroad for $50 by Dog |
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21 |
21 |
Paid Dog $18 Rent at Kentucky Ave |
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Day |
Assets |
= |
Liabilities |
+ |
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Cash |
Property |
Rent/Jail Expense |
Revenue (consulting, rent) |
Capital |
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1 (Example) |
Cash investment in business |
$1,500 |
$1,500 |
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Total |
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Transaction |
Debit |
Credit |
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Capital |
1500 |
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Cash |
1500 |
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