Question

In: Accounting

These are a list of the transactions I have from playing Monopoly. I need to create...

These are a list of the transactions I have from playing Monopoly. I need to create a balance sheet, income statement, and cash flow.

STOCK- Issued $1500 common stock

LAND/STOCK- $600 issued for purchase of Land

1 RENT REVENUE- $16.00 From New York Ave

2 CONSULTING REV(ACCTS REC.) - Collected $200 for passing Go

3 LAND - Purchase Kentucky Ave $220.00

4 RENT EXPENSE - $200.00 for landing on Railroad

5 CONSULTING REV(ACCTS REC.) - Collected $200 for passing Go

6 DIVIDENDS - Paid $200 to bank for landing on Income Tax

7 RENT REVENUE - $2.00 from Mediterranean Ave.

8 UTILITIES - Purchase Electric Company $150.00

9 INVESTMENT INCOME - Earned $20.00 from Electric Company

10 RENT EXPENSE - $26.00 for landing on Pacific Ave.

11 RENT REVENUE - $16.00 from New York Ave.

12 DIVIDENDS - Paid $75.00 for Luxury Tax

13 CONSULTING REVENUE - $200.00 For Passing Go

14 LAND - Purchased Oriental Ave. for $100.00

15 RENT REVENUE - Movie Company to use property as set, collected $200.00

16 LAND - Purchased Atlantic Ave. for $200.00

17 LAND - Purchased Indiana Ave. for $200.00

18 BUILDINGS - Purchased a house for Kentucky Ave. For $150.00 19 DIVIDENDS - Paid $75.00 for Luxury Tax

20 CONSULTING REVENUE - $200.00 For Passing Go

21 TRAVEL EXPENSE - Paid $100 for landing on Pacific Railroad

22 RENT REVENUE - $40 from Illinois Ave.

23 BUILDINGS - Purchased a house for Indiana Ave. For $150.00

24 RENT EXPENSE - Paid $12.00 from landing on Virginia Ave.

25 RENT EXPENSE - Paid $14.00 for landing on St. James Place

26 RENT REVENUE - Earned $10 from States Ave.

27 RENT EXPENSE - Paid $56.00 for landing on Pennsylvania Ave.

28 RENT REVENUE - Earned $90 from Kentucky Ave.

29 CONSULTING REVENUE - $200.00 For Passing Go

30 TRAVEL EXPENSE - Paid $100 for landing on Pacific Railroad

31 RENT REVENUE - Earned $90.00 from Indiana Ave.

32 RENT EXPENSE - Paid $56.00 for landing on Pennsylvania Ave.

33 DIVIDENDS - Paid $75.00 for Luxury Tax

34 FINE EXP - Paid $50.00 Fee to get out of Jail

Expert Solution

Income Statement
Particulars	$	$
Revenue
Rent Revenue	464		=16+2+16+200+40+10+90+90
Consulting Revenue	1000		=200+200+200+200+200
Investment Income	20
Total Revenue		1484

Expenses
Rent Expense	364		=200+26+12+14+56+56
Dividends	425		=200+75+75+75
Travel Expense	200		=100+100
Fine Expense	50
Total Expenses		1039

Net Income		445

Balance Sheet
Assets	$	$
Non-Current Assets:
Land	720		=220+100+200+200
Building	300		=150+150
Investment in Electric Company	150	1170
Current Assets:
Cash	1375	1375	=1500+600+16+200-220-200+200-200+2-150+20-26+16-75+200-100+200-200-200-150-75+200-100+40-150-12-14+10-56+90+200-100+90-56-75-50
Total Assets		2545

Equity & Liabilities	$	$
Common Stock	2100		=1500+600
Retained Earnings	445	2545
Total Equity		2545

Liabilities:

Current Liabilities:		0

Total Equity & Liabilities		2545

Cash Flow
Cashflow from Operating Activities:	$	$
Net Income	445
-Investment Income	-20	425

Cashflow from Investing Activities:	$	$
Purchase of Land	-720
Purchase of Building	-300
Investment in Electric Company	-150
Investment Income	20	-1150

Cashflow from Financing Activities:	$	$
Issue of Common Stock	2100	2100

Net Cashflow		1375
+Opening Cash Balance		0
Closing Cash Balance		1375

ekkarill92 answered 2 years ago

I have the function call showGroceries(list); I need to create a new prototype above int main...

I have the function call showGroceries(list); I need to create a new prototype above int main that provides: return type function name parameter(s) type(s) Then copy-and-paste the prototype below int main. Give the parameter a name and then implement the function so that it takes the vector of strings and displays it so that a vector with the values: {"milk", "bread", "corn"} would display as: Grocery list 1. milk 2. bread 3. corn However, if there is nothing in the...

In python I have a linked list. I want to create one function that takes in...

In python I have a linked list. I want to create one function that takes in one parameter, head. In the function, cur = head and next_cur = head.next. I want to return head and next_cur, except at the end of the function they will return alternating values from head. For example, if the these are the values in the linked list: 2, 3, 5, 7, 11 after the function head should return: 2, 5, 11 and next_cur should return:...

Exlpain profitability in monopoly I need a satisfying explanation please !!

I need to create a business plan for Johnson & Johnson, it does have to fit...

I need to create a business plan for Johnson & Johnson, it does have to fit to their specific financial situations. Maybe just some examples? please help? A. Financial Projections How will you fund the business? What is your desired debt and equity position? Who will provide capital debt funds? What role will leasing play in your financial strategy? Will you use outside investors for equity capital? How will you manage the financial risks your business faces? What operating procedures,...

Need to make Java code as following: Create a dice playing threading program to do the...

Need to make Java code as following: Create a dice playing threading program to do the following: 1. Start a thread for a process to simulate a computer rolling a die 1000 times. 2. Start another thread for a process to simulate a user rolling a die 1000 times. 3. Keep track of rolls for user and computer in an array(s). 4. Display on screen when the computer thread starts, the rolls, and when the computer thread ends. 5. Display...

Leave code as is ALL I NEED IS TO MAKE THE LIST INTO ASCENDING ORDER FROM...

Leave code as is ALL I NEED IS TO MAKE THE LIST INTO ASCENDING ORDER FROM A TO Z OF ARTISTS NAMES YOU CAN USE THIS AS REFERENCE SPOTIFY LIST TOP 50 AS REFERENCE FOR CSV FILE https://spotifycharts.com/viral/ import java.io.*; public class Spotify { public static void main(String[]args) { // Read csv Spotify file located on my desktop // Download csv file, save on desktop, and add file location in csvFile = " " String csvFile = "CSVFILE LOCATION OF...

I already have a database in phpMyAdmin and need to create an html/php "SEARCH" page to...

I already have a database in phpMyAdmin and need to create an html/php "SEARCH" page to retrieve the information from the database on to my localhost. Please post a php/html code that will create a search page and return the data from my phpmyadmin database. The 3 items I have on the database are first_name, last_name and birth_day.

(a) Create a Card class that represents a playing card. It should have an int instance...

(a) Create a Card class that represents a playing card. It should have an int instance variable named rank and a char variable named suit. Include the following methods: A constructor with two arguments for initializing the two instance variables. A copy constructor. A method equals — with one argument — which compares the calling object with another Card and returns true if and only if the corresponding ranks and suits are equal. Make sure your method will not generate...

I need someone to create a program for me: Create a program that takes as input...

I need someone to create a program for me: Create a program that takes as input an employee's salary and a rating of the employee's performance and computes the raise for the employee. The performance rating here is being entered as a String — the three possible ratings are "Outstanding", "Acceptable", and " Needs Improvement ". An employee who is rated outstanding will receive a 10.2 % raise, one rated acceptable will receive a 7 % raise, and one rated...

in java we need to order a list , if we create a program in java...

in java we need to order a list , if we create a program in java what are the possible ways of telling your program how to move the numbers in the list to make it sorted, where each way provides the required result. list the name of sorting with short explanation