Accounting Transaction Analysis Monopoly

When you get your initial $1500 investment in Monopoly what is the transaction?

• Debit Cash

  Credit Revenue

• Debit Revenue

  Credit Cash

• Debit Cash

  Credit Capital

• Debit Capital

  Credit Casgh

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

• Debit Cash

  Credit Property

• Debit Property

  Credit Cash

• Debit Building

  Credit Cash

• Debit Cash

  Credit Building

In monopoly when you purchase a house what is the transaction?

• Debit Cash

  Credit Property

• Debit Property

  Credit Cash

• Debit Building

  Credit Cash

• Debit Building

  Credit Loan

In monopoly when you sell a house what is the transaction?

• Debit Cash

  Credit Building

• Debit Cash

  Credit Property

• Debit Building

  Credit Cash

• Debit Property

  Credit Cash

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

• Debit Cash

  Credit Capital

• Debit Cash

  Credit Mortgage

• Debit Mortgage

  Credit Cash

• Debit Capital

  Credit Cash

In monopoly when you land on someone elses property and pay them rent - that is the transaction?

• Debit Cash

  Credit Mortgage

• Debit Rent

  Credit Cash

• Debit Cash

  Credit Rent

• Debit Mortgage

  Credit Cash

What is the normal balance of Revenue and Owner's Equity

Respond debit or credit only

(a)  

What is the normal balance for Property and Buildings?

(a)  

When you pass Go - you collect $200. How would you record this transaction?

• Debit Cash

  Credit Capital

• Debit Cash

  Credit Revenue

• Debit Cash

  Credit Other Revenue

• Debit Capital

  Credit Cash

When you pay off the Mortgage - the debit entry for this transaction would be

• Bank

• Mortgage

• Building

• Property