Accounting 201 Monopoly

Guam
MonopolyWorksheet5.xlsx

Instructions

Monopoly Support File
Instructions for Use
After you have played Monopoly in the classroom, you must prepare financial statements
based on your transactions. Those transactions are summarized on the Monopoly worksheet
that you completed during the gameplay. To complete step 9 of the project, the same
transactions need to be summarized in this workbook.
First, download and save a copy of this file onto your computer. If you do not have a local
copy of the file, you will be unable to save and email in for credit.
Then, proceed to the "Transactions" tab by selecting it at the bottom of this page.
In the Transactions tab you will, in the row corresponding to the transactions that you
documented in class, note the amount that your cash account changed and the other
account impacted by the transaction.
Increases in cash should be reported as positive numbers, while reductions in cash should be
reported as negative.
The first transaction has been completed for you. It entailed the sale of Common Stock in
exchange for $1,500. Therefore, "Common Stock" has been selected in the "Account"
column, and 1,500 has been input in the "Cash Change" column.
Another example could be the purchase of the Reading Railroad for $200. That transaction
would be presented as:
Transaction Account Cash Change

Journal Entry

Monopoly Transactions Note initial cash as DEBIT Cash CREDIT Common Stock Journal Entries
Reference Cash (Millions) In or Out Description Date Account Titles and Descriptions Ref. Debit Credit

T-Accounts

T-Accounts - Feel free to rename accounts as needed but please keep them in correct order.
ASSETS LIABILITIES EQUITY REVENUES EXPENSES

Trial Balance

Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Calculate
DEBITS CREDITS
Working Capital
Current Ratio
Total Liabilities
Stockholders' equity
Common stock
Total $0 $0 Retained earnings
Total Equity
Total Liabilities and Equity

Appendix

Place screen shot of start here - must include date and time stamp If you did this online, please screen shot of finish here - must include date and time stamp