Transaction Analysis - Monopoly

When you get your $1,500.00 Initial investment what is the transaction?

• Debit Cash; Credit Revenue

• Debit Revenue; Credit Cash

• Debit Cash; Credit Owner's Capital

• Debit Owner's Capital; Credit Cash

In monopoly, when you purchase property what is the transaction?

• Debit Cash; Credit Real Estate

• Debit Real Estate; Credit Cash

• Debit Building; Credit Cash

• Debit Building; Credit Cash

In monopoly, when you purchase houses what is the transaction?

• Debit Cash; Credit Real Estate

• Debit Real Estate; Credit Cash

• Debit Building; Credit Cash

• Debit Building; Credit Cash

In monopoly, when you sell houses what is the transaction?

• Debit Cash; Credit Real Estate

• Debit Real Estate; Credit Cash

• Debit Building; Credit Cash

• Debit Cash; Credit Building

In monopoly, when you mortgage property what is the transaction?

• Debit Cash; Credit Mortgage

• Debit Mortgage; Credit Cash

• Debit Cash; Credit Owner's Capital

• Debit Owner's Capital; Credit Cash

In monopoly, when you land on others property and pay them rent, what is the transaction?

• Debit Cash; Credit Mortgage

• Debit Mortgage; Credit Cash

• Debit Cash; Credit Rent Expense

• Debit Rent Expense; Credit Cash

What is the normal balance of Revenue and Owner's Capital.

Respond debit or credit only!

Answer explanation

The normal balance is the side where they increase in value. These are both right side (credit) accounts.

What is the normal balance of Real Estate and Building.

Respond debit or credit only!

Answer explanation

The normal balance is the side where they increase in value. These are both left side (debit) accounts.

In the acronym DC ADE LER.

What does the E in "ADE" stand for?

• Equity

• Expenses

• Everything

• Equal

In the acronym DC ADE LER.

What does the E in "LER" stand for?

• Equity

• Expenses

• Everything

• Equal