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Unread 02-03-2011, 03:14 PM   #1
Nikose Tyris
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Join Date: Jul 2004
Location: Coldwater, Ontario
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Tech Support Homework 4: Live free or die Homework

So, doing my accounting homework for a lab due tonight, I decided to double check my homework.

I did something wrong. My math doesn't balance on my sheet. I hate this assignment, but if my math doesn't balance, I need to find out why.

I'm posting my string here. I've been working on this since 9 AM this morning, and I've gotten my error to a $190 in my favor; but that's not a $0 difference on Assets = Liability + Equity. Any input on homework would be appreciated.

[Yes, it's based on playing monopoly. I hate my professor.]

+ Owners Initial Investment $1700

Connecticut $120, North Carolina $300, Pacific Avenue $300

purchase office supplies from bank on account; $200

Purchase prepaid insurance; $120

Pay Rent -$6 to team B; Rent Received $8 from Team C; Rent Received $8 from Team D;

pay Rent -$14 to Team B;

Receive Rent $22 from Team D; Purchased Virginia Ave for $160

Purchased Ventnor Ave for $260

Went to Jail

Remained in Jail

Paid $50 to escape jail; Pay rent $14 rent to Team D; Purchased B&O Railroad $200

Landed on Community Chest [No Impact];

Bank Consulting Salary $200; Community Chest [Medical Expenses, -$50]; Accounts receivable from Team B $26

Purchased States Avenue for $140; Received Rent from Team B $26;

Advanced to St. Charles Place; Received $200 for passing go [Bank Consulting Fees]; Paid Rent to Team C $10; Received Rent from Team C $8;

Advanced to New York; Paid Team D $16

Advanced to Marvin Gardens; Paid Team C $24; Ended in jail. Purchased Houses on Pacific Avenue [$200] and North Carolina [$200]

in addition, trying to attach my Chart of Accounts form.
Attached Files
File Type: zip Monopoly Chart of Accounts.zip (2.9 KB, 68 views)
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