MONOPOLY PROJECT

PATRICIA CARLSON

ACCOUNTING 104

INSTRUCTOR: CATHERINE CONDRON

JANUARY 06, 2011

Comments on Accounting Monopoly Project

This was a very creative way to play monopoly by making a journal entry for the different moves by each player. It was quite a task entering each move that created a journal entry but it was still fun.

Assets 100Cash 110Accounts Receivable 120

Steven 120.1Melissa 120.2Victoria 120.3John 120.4

Game Piece 130Accum Depr. - Game Piece 140

Property Purchased 150St. James Place 150.1New York Avenue 150.2Baltic Avenue 150.3Vermont 150.4Pennsylvania Avenue 150.5

Railroads 160Reading Railroad 160.1Pennsylvania Railroad 160.2

Liabilities 200Accounts Payable 210

Hollada 210.1 Hayes 210.2 Murguia 210.3 Branch 210.4Taxes 220

Owners Equity 300Owner, Capital 310Owner, Drawing 320Income Summary 350

Revenue 400Go Revenue 410Rent Revenue 420Railroad Revenue 430Other Revenue: e.g. Chance, C.Chest 440

Expenses 500Rent Expense 510Railroad Expense 520Tax Expense 530Other Expenses e.g. Chance, C.Chest 540Depr. Expense - Game Piece 560

Accounting 104 Monopoly Project

Chart of AccountsPatricia Carlson

Patricia CarlsonAccounting 104

Page 2 of 21

JOURNAL Page 1

Description Post Ref Debit Credit1 Nov 1 Cash 110 1,500.00$ 12 Owner, Capital 310 1,500.00$ 23 Owner's initial investment 34 45 1 Game Piece 130 350.00$ 56 A/P Condron 210 350.00$ 67 Purchased game piece on account 78 89 1 Property: St. James Place 150.1 180.00$ 910 Cash 110 180.00$ 1011 1112 2 Property: New York Avenue 150.2 200.00$ 1213 Cash 110 200.00$ 1314 1415 2 Owner's Drawing 320 50.00$ 1516 Cash: Non-business expense 110 50.00$ 1617 Jail bond 1718 1819 3 Property: Baltic Avenue 150.3 60.00$ 1920 Cash 110 60.00$ 2021 2122 4 Property: Vermont Avenue 150.4 100.00$ 2223 Cash 110 100.00$ 2324 2425 4 A/R Victoria 120.3 6.00$ 2526 Rent Revenue 420 6.00$ 2627 Earned rent on Vermont Avenue 2728 2829 5 Cash 110 6.00$ 2930 A/R Victoria 120.3 6.00$ 3031 Received payment on account for Vermont Ave 3132 3233 5 A/R Victoria 120.3 14.00$ 3334 Rent Revenue 420 14.00$ 3435 Earned Rent on St. James Place 3536 3637 6 Cash 110 200.00$ 3738 Go Revenue 410 200.00$ 3839 3940 6 Property: Reading Railroad 160.1 200.00$ 4041 Cash 110 200.00$ 41

Date

Patricia CarlsonAccounting 104

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JOURNAL Page 2

Description Post Ref Debit Credit1 Nov 6 Cash 110 14.00$ 12 A/R Victoria 120.3 14.00$ 23 St. James Place rent 34 45 7 Rent Expense 510 28.00$ 56 A/P Branch 210.4 28.00$ 67 Electric Company Utilites 78 89 8 A/P Branch 210.4 28.00$ 910 Cash 110 28.00$ 1011 Electric Company Utilities 1112 1213 8 A/R John 120.4 6.00$ 1314 Rent Revenue 420 6.00$ 1415 Earned rent on Baltic 1516 1617 9 Cash 110 6.00$ 1718 A/R John 120.4 6.00$ 1819 Received payment on account for Baltic 1920 2021 10 Cash 110 100.00$ 2122 Other Revenue 440 100.00$ 2223 2324 11 Cash 110 200.00$ 2425 Go Revenue 410 200.00$ 2526 2627 11 A/R Steven 120.1 25.00$ 2728 Railroad Revenue 430 25.00$ 2829 Earned rent on Reading Railroad 2930 3031 11 A/R John 120.4 6.00$ 3132 Rent Revenue 420 6.00$ 3233 Earned rent on Vermont 3334 3435 12 Cash 110 25.00$ 3536 A/R Steven 120.1 25.00$ 3637 Received payment on account for Reading RR 3738 3839 12 Cash 110 6.00$ 3940 A/R John 120.4 6.00$ 4041 Received payment on account for Vermont Ave 41

Date

Patricia CarlsonAccounting 104

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JOURNAL Page 3

Description Post Ref Debit Credit1 Nov 13 Property: Pennsylvania Railroad 160.2 200.00$ 12 Cash 110 200.00$ 23 34 13 A/R Victoria 120.3 25.00$ 45 RR Revenue 430 25.00$ 56 Earned rent on Pennsylvania Railroad 67 78 89 14 Rent Expense 510 18.00$ 910 A/P Murguia 210.3 18.00$ 1011 Indiana Avenue rent 1112 1213 14 Cash 110 25.00$ 1314 A/R Victoria 120.3 25.00$ 1415 Received payment on account for Pennsylvania RR 1516 1617 15 A/P Muguia 210.3 18.00$ 1718 Cash 110 18.00$ 1819 Made payment on account for Indiana Avenue rent 1920 2021 16 Tax Expense 530 200.00$ 2122 A/P Taxes: Chance Card 220 200.00$ 2223 Paid Income Tax 2324 2425 16 A/R Victoria 120.3 14.00$ 2526 Rent Revenue 420 14.00$ 2627 Earned rent on St. James Place 2728 2829 17 Cash 110 50.00$ 2930 Other Revenue 440 50.00$ 3031 Chance Card 3132 3233 17 A/P Taxes 220 200.00$ 3334 Cash 110 200.00$ 3435 Made payment on Income Tax 3536 3637 17 Cash 110 14.00$ 3738 A/R Victoria 120.3 14.00$ 3839 Received payment on account for St. James Place 3940 4041 41

Date

Patricia CarlsonAccounting 104

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JOURNAL Page 4

Description Post Ref Debit Credit1 Nov 18 Rent Expense 510 24.00$ 12 A/P Murguia 210.3 24.00$ 23 Marvin Gardens rent 34 45 19 A/P Murguia 210.3 24.00$ 56 Cash 110 24.00$ 67 Made payment on account for Marvin Gardens rent 78 89 19 RR Rent Expense 520 50.00$ 50.00$ 910 A/P Branch 210.4 1011 Shortline Railroad 1112 1213 20 Cash 110 200.00$ 1314 Go Revenue 410 200.00$ 1415 1516 20 Other Expense 540 50.00$ 1617 Cash 110 50.00$ 1718 School Fees 1819 1920 20 A/R Steven 120.1 6.00$ 2021 Rent Revenue 420 6.00$ 2122 Earned rent on Vermont Avenue 2223 2324 20 A/R Steven 120.1 50.00$ 2425 RR Revenue 430 50.00$ 2526 Earned rent on Pennsylvania Railroad 2627 2728 20 A/R Victoria 120.3 14.00$ 2829 Rent Revenue 420 14.00$ 2930 Earned rent on St. James Place 3031 3132 20 A/P Branch 210.4 50.00$ 3233 Cash 110 50.00$ 3334 Shortline Railroad 3435 3536 21 Rent Expense 510 40.00$ 3637 A/P Branch 210.4 40.00$ 3738 Electric Company Utility 3839 3940 4041 41

Date

Patricia CarlsonAccounting 104

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JOURNAL Page 5

Description Post Ref Debit Credit1 Nov 21 Cash 110 6.00$ 12 A/R Steven 120.1 6.00$ 23 Received payment on account for Vermont Ave 34 45 21 Cash 110 50.00$ 56 A/R Steven 120.1 50.00$ 67 Received payment on account for Pennsylvania RR 78 89 21 Cash 110 14.00$ 9

10 Accounts Receivable: Victoria 120.3 14.00$ 1011 Received payment on account for St. James Place 1112 1213 22 Accounts Receivable: Melissa 120.2 50.00$ 1314 Railroad Revenue 430 50.00$ 1415 Earned rent on Pennsylvania Railroad 1516 1617 22 Accounts Payable: Branch 210.4 40.00$ 1718 Cash 110 40.00$ 1819 Made payment on accont for Electric Company 1920 2021 23 Cash 110 50.00$ 2122 A/R Melissa 120.2 50.00$ 2223 Received payment on account for Pennsylvania RR 2324 2425 23 A/R Melissa 120.2 6.00$ 2526 Rent Revenue 420 6.00$ 2627 Earned rent on Vermont Avenue 2728 2829 23 Rent Expense 510 40.00$ 2930 A/P Branch 210.4 40.00$ 3031 Electric Company Utility 3132 3233 24 Tax Expense 530 100.00$ 3334 A/P Taxes 220 100.00$ 3435 Paid Luxary Tax 3536 3637 24 Cash 110 6.00$ 3738 A/R Melissa 120.2 6.00$ 3839 Received payment on account for Vermont Avenue 3940 4041 24 A/P Branch 210.4 40.00$ 4142 Cash 110 40.00$ 4243 Made payment on accont for Electric Company 4344 4445 24 A/R Melissa 120.2 50.00$ 4546 RR Rent Revenue 430 50.00$ 4647 Earned rent on Pennsylvania Railroad 47

Date

Patricia CarlsonAccounting 104

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48 48

Patricia CarlsonAccounting 104

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JOURNAL Page 6

Description Post Ref Debit Credit1 Nov 25 Cash 110 200.00$ 12 Go Revenue 410 200.00$ 23 34 25 Tax Expense 530 200.00$ 45 Taxes Payable 220 200.00$ 56 Paid Income Tax 67 78 25 Taxes Payable 220 100.00$ 89 Cash 110 100.00$ 910 Paid Luxary Tax 1011 1112 25 Cash 110 50.00$ 1213 A/R Melissa 120.2 50.00$ 1314 Received payment on account for Pennsylvania RR 1415 1516 26 Property: Pennlysvania Avenue 150.5 200.00$ 1617 Cash 110 200.00$ 1718 1819 27 Rent Expense 510 14.00$ 1920 A/P Murguia 210.3 14.00$ 2021 Tennessee 2122 2223 27 A/R Steven 120.1 28.00$ 2324 Rent Revenue 420 28.00$ 2425 Earned rent on Pennsylvanie Avenue 2526 2627 27 Other Expense 540 10.00$ 2728 Cash 110 10.00$ 2829 Community Chest: Steven's Birthday 2930 3031 28 A/P Murguia 210.3 14.00$ 3132 Cash 110 14.00$ 3233 Made payment on account for Tennessee Ave rent 3334 3435 28 Cash 110 28.00$ 3536 A/R Steven 120.1 28.00$ 3637 Received payment on account for Pennsylvania Ave rent 3738 3839 29 A/P Taxes 220 200.00$ 3940 Cash 110 200.00$ 4041 Made payment on taxes 4142 4243 30 A/R Victoria 120.3 6.00$ 4344 Rent Revenue 420 6.00$ 4445 Earned rent on Vermont Avenue 4546 4647 30 A/P Condron 210 350.00$ 47

Date

Patricia CarlsonAccounting 104

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48 Cash 110 350.00$ 4849 Made payment for Game Piece 49

Patricia CarlsonAccounting 104

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JOURNAL Page 7

Closing Entries Post Ref Debit Credit1 Nov 30 Revenue 1,256.00$ 12 Go Revenue 800.00 23 Rent Revenue 106.00 34 Railroad Revenue 200.00 45 Other Revenue 150.00 56 67 30 Income Summary 774.00$ 78 Rent Expense 164.00 89 Railroad Expense 50.00 910 Tax 500.00 1011 Other Expense 60.00 1112 Depreciation Expense 10.00 1213 1314 30 Income Summary 1,500.00$ 1415 Patricia Carlson, capital 1500.00 1516 1617 30 Patricia Carlson, capital 50.00$ 1718 Patricia Carlson, drawing 50.00 1819 1920 2021 2122 2223 2324 2425 2526 2627 2728 2829 2930 3031 3132 3233 3334 3435 3536 3637 3738 3839 3940 4041 41

Date

Page 11 of 21

CASH Account No. 110

DEBIT CREDITNov 1 Owners capital J1 1500.00 1500.00

1 St James Place J1 180.00 1320.002 New York Avenue J1 200.00 1120.002 Non-business expense J1 50.00 1070.003 Baltic Avenue J1 60.00 1010.004 Vermont Avenue J1 100.00 910.005 Vermont Rent J1 6.00 916.006 Go Revenue J1 200.00 1116.006 Reading Railroad J1 200.00 916.006 St James Place J2 14.00 930.008 Utilities Expense J2 28.00 902.009 Baltic Rent J2 6.00 908.0010 Other Revenue J2 100.00 1008.0011 Go Revenue J2 200.00 1208.0012 RR Rent J2 25.00 1233.0012 Vermont Rent J2 6.00 1239.0013 Pennsylvania RR J3 200.00 1039.0014 Pennsylvania RR Rent J3 25.00 1064.0015 Indiana Avenue Rent J3 18.00 1046.0017 Other Revenue J3 50.00 1096.0017 Income Tax J3 200.00 896.0017 St James Place Rent J3 14.00 910.0019 Marvin Gardens rent J4 24.00 886.0020 Go Revenue J4 200.00 1086.0020 School Fees J4 50.00 1036.0020 Shortline RR rent J4 50.00 986.0021 Vermont Avenue rent J5 6.00 992.0021 Pennsylvania RR Rent J5 50.00 1042.0021 St James Place Rent J5 14.00 1056.0022 Electric Co J5 40.00 1016.0023 Pennsylvania RR rent J5 50.00 1066.0024 Vermont Avenue rent J5 6.00 1072.0024 Electric Co J5 40.00 1032.0025 Go Revenue J6 200.00 1232.0025 Taxes J6 100.00 1132.0025 Pennsylvania RR Rent J6 50.00 1182.0026 Pennsylvania Avenue J6 200.00 982.0027 Other Espense J6 10.00 972.0028 Pennsylvania Avenue rent J6 28.00 1000.0028 Tennessee Rent J6 14.00 986.0029 Taxes J6 200.00 786.0030 Game Piece J6 350.00 436.00

Account:

BALANCE

GENERAL LEDGER

DATE ITEM Post Ref DEBIT CREDIT

Page 12 of 21

A/R Steven Account No. 120.1

DEBIT CREDITNov 11 Reading RR rent J2 25.00 25.00

12 Reading RR rent J2 25.00 0.0020 Vermont rent J4 6.00 6.0020 Pennsylvania rent J4 50.00 56.0021 Vermont rent J5 6.00 50.0021 Pennsylvania rent J5 50.00 0.0027 Pennsylvania rent J6 28.00 28.0028 Pennsylvania rent J6 28.00 0.00

A/R Melissa Account No. 120.2

DEBIT CREDITNov 22 Pennsylvanie RR rent J5 50.00 50.00

23 Pennsylvania RR rent J5 50.00 0.0023 Vermont rent J5 6.00 6.0024 Vermont rent J5 6.00 0.0024 Pennsylvania RR rent J5 50.00 50.0025 Pennsylvania RR rent J5 50.00 0.00

A/R Victoria Account No. 120.3

DEBIT CREDITNov 4 Vermont rent J1 6.00 6.00

5 Vermont rent J1 6.00 0.005 St James Place rent J2 14.00 14.006 St James Place rent J2 14.00 0.0013 Pennsylvania RR rent J3 25.00 25.0014 Pennsylvania RR rent J3 25.00 0.0016 St James Place rent J3 14.00 14.0017 St James Place rent J3 14.00 0.0020 St James Place rent J4 14.00 14.0021 St James Place rent J4 14.00 0.0030 Vermont rent J6 6.00 6.00

A/R John Account No. 120.4

DEBIT CREDITNov 8 Baltic rent J2 6.00 6.00

9 Baltic rent J2 6.00 0.0011 Vermont rent J2 6.00 6.0012 Vermont rent J2 6.00 0.00

Game Piece Account No. 130

DEBIT CREDIT

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

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Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

GENERAL LEDGER

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

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Nov 1 Purchased game piece J1 350.00 350.00

Accum Depr - Game Piece Account No. 140

DEBIT CREDITNov 30 Purchased game piece J6 10.00 10.00

Property: St James Place Account No. 150.1

DEBIT CREDITNov 1 Purchased property J1 180.00 180.00

Property: New York Avenue Account No. 150.2

DEBIT CREDITNov 2 Purchased property J1 200.00 200.00

Property: Baltic Avenue Account No. 150.3

DEBIT CREDITNov 3 Purchased property J1 60.00 60.00

Property: Vermont Avenue Account No. 150.4

DEBIT CREDITNov 4 Purchasaed property J1 100.00 100.00

Account Pennsylvania Avenue Account No. 150.5

DEBIT CREDITNov 26 Purchased property J6 200.00 200.00

Reading Railroad Account No. 160.1

DEBIT CREDITNov 6 Purchased Property J1 200.00 200.00

Account Pennsylvania Railroad Account No. 160.2

DEBIT CREDITNov 13 Purchased property J3 200.00 200.00

GENERAL LEDGER

CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

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Account

DATE ITEM Post Ref DEBIT

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Account A/P: Condron Account No. 210

DEBIT CREDITNov 1 Purchase game piece J1 350.00 350.00

30 Paid for game piece J6 350.00 0.00

A/P: Muguia Account No. 210.3

DEBIT CREDITNov 14 Indiana Ave rent J3 18.00 18.00

15 Indiana Ave rent J3 18.00 0.0018 Marvin Gardens rent J4 24.00 24.0019 Marvin Gardens rent J4 24.00 0.0027 Tenessee rent J6 14.00 14.0028 Tenessee rent J6 14.00 0.00

Account A/P: Branch Account No. 210.4

DEBIT CREDITNov 7 Electric Co. J2 28.00 28.00

8 Electric Co. J2 28.00 0.0019 Shortline RR rent J4 50.00 50.0020 Shortline RR rent J4 50.00 0.0021 Electric Co. J4 40.00 40.0022 Electric Co. J4 40.00 0.0023 Electric Co J4 40.00 40.0024 Electric Co J4 40.00 0.00

A/P: Taxes Account No. 220

DEBIT CREDITNov 16 Income Tax J3 200.00 200.00

17 Income Tax J3 200.00 0.0024 Luxury Tax J5 100.00 100.0025 Income Tax J5 200.00 300.0025 Luxury Tax J5 100.00 200.0029 Income Tax J6 200.00 0.00

Owners Equity Account No. 310

DEBIT CREDITNov 1 Patricia Carlson Capital J1 1500.00 1500.00

Owners Drawing Account No. 320

GENERAL LEDGER

Account

DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

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DEBIT CREDITNov 2 Non-business expense J1 50.00 50.00

Go Revenue Account No. 410

DEBIT CREDITNov 6 J1 200.00 200.00

11 J2 200.00 400.0020 J4 200.00 600.0025 J6 200.00 800.0030 Closing J7 800.00 0.00

Account Rent Revenue Account No. 420

DEBIT CREDITNov 4 Vermont Ave J1 6.00 6.00

5 St James Place J1 14.00 20.008 Baltic Avenue J2 6.00 26.0011 Vermont Ave J2 6.00 32.0016 St James Place J3 14.00 46.0020 Vermont Ave J4 6.00 52.0020 St James Place J4 14.00 66.0023 Vermont Ave J5 6.00 72.0027 Pennsylvania Ave J6 28.00 100.0030 Vermont Ave J6 6.00 106.0030 Closing J7 106 0

Railroad Revenue Account No. 430

DEBIT CREDITNov 11 Reading J2 25.00 25.00

13 Pennsylvania J3 25.00 50.0020 Pennsylvania J4 50.00 100.0022 Pennsylvania J5 50.00 150.0024 Pennsylvania J5 50.00 200.0030 Closing J7 200 0

Account Other Revenue Account No. 440

DEBIT CREDITNov 10 J2 100.00 100.00

17 J3 50.00 150.0030 Closing J7 150.00 0.00

Rent Expense Account No. 510

DEBIT CREDIT

GENERAL LEDGER

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

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DATE ITEM Post Ref DEBIT CREDIT

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Nov 7 Electric Company J2 28.00 28.0014 Indiana Avenue J3 18.00 46.0018 Marvin Gardens J4 24.00 70.0021 Electric Company J4 40.00 110.0023 Electric Company J4 40.00 150.0027 Tennessee Avenue J6 14.00 164.0030 Closing J7 164.00 0.00

Account Railroad Expense Account No. 520

DEBIT CREDITNov 19 Shortline J4 50.00 50.00

30 Closing J7 50.00 0.00

Tax Expense Account No. 530

DEBIT CREDITNov 16 Income tax J3 200.00 200.00

24 Luxury tax J5 100.00 300.0025 Income tax J6 200.00 500.0030 Closing J7 500.00 0.00

Account Other Expense Account No. 540

DEBIT CREDITNov 20 J4 50.00 50.00

27 J6 10.00 60.0030 Closing J7 60.00 0.00

Account Depr. Expense - Game Piece Account No. 560

DEBIT CREDITNov 30 J6 10.00 10.00

30 Closing J7 10.00 0.00

DATE ITEM Post Ref DEBIT CREDIT BALANCE

GENERAL LEDGER

DATE ITEM Post Ref DEBIT CREDIT BALANCE

Account

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DATE ITEM Post Ref DEBIT CREDIT BALANCE

DEBIT CREDIT DEBIT CREDIT1 Cash 436.002 Accounts Receivable 6.003 Game Piece 350.004 Accum Depr. - Game Piece 10.005 Property 740.006 Railroads 400.007 Accounts Payable8 Patricia Carlson, Capital 1500.009 Patricia Carlson, Drawing 50.0010 Revenue 1256.0014 Rent Expense 164.0015 Railroad Expense 50.0016 Tax Expense 500.0017 Other Expense 60.0018 Depr. Expense - Game Piece 10.0019 2756.00 2756.00 10.00 10.0020212223

ACCOUNT TITLETRIAL BALANCE ADJUSTMENTS

Patricia CarlsonMonopoly Worksheet

For Month End November 30, 2010

DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT436.00 436.00 1

6.00 6.00 2350.00 350.00 3

10.00 10.00 4740.00 740.00 5400.00 400.00 6

71500.00 1500.00 8

50.00 50.00 50.00 91256.00 1256.00 10

164.00 164.00 1450.00 50.00 15

500.00 500.00 1660.00 60.00 1710.00 10.00 18

2766.00 2766.00 834.00 1256.00 1982.00 1510.00 19422.00 422.00 20

1256.00 1932.00 212223

INCOME STATEMENT BALANCE SHEETADJUSTED TRIAL BALANCE

Patricia CarlsonMonopoly Worksheet

For Month End November 30, 2010

Revenue -$ Rent & Other Revenue 1,256.00$ Expenses Rent Expense 164.00 Railroad Expense 50.00 Tax Expense 500.00 Other Expense 60.00 Depr. Exp. - Game Piece 10.00 Total Expense 784.00Net Income 472.00$

Patricia Carlson Monopoly ProjectIncome Statement

For the Month Ended November 30, 2010

Patricia Carlson, capital, November 1, 2010 1,500.00$ Investments during November -$ Total Investment 1,500.00$ Net Income for November 472.00$ Less withdrawals for November 50.00$ Increase in Capital 422.00$ Patricia Carlson, capital, November 30,. 2010 1,922.00$

Patricia Carlson Monopoly ProjectStatement of Owners Equity

For the Month Ended November 30, 2010

Assets

Cash 436.00Accounts receivable 6.00Game Piece 350.00Property 740.00Railroads 400.00Total Current Assets 1932.00

Less Accum. Dep. - Game Piece 10.00 10.00Total Assets 1922.00

LiabilitiesCurrent Liabilities Accounts Payable 0.00

Owner's EquityPatricia Carlson, capital, November 30, 2010 1500.00Total Liabilities & Owner's equity 422.00

Patricia Carlson Monopoly ProjectBalance Sheet

November 30, 2010