Transaction # Transaction Account Type Description Debit Credit

1 Initital Investment Asset Cash $1,500.00

$1,500.00 Owner's Equity Stockholder Equity $1,500.00
2 Purchase Property Asset Property $100.00
Vermont Avenue Asset Cash $100.00
3 Purchase Property Asset Property $160.00
Virginia Avenue Asset Cash $160.00
4 Purchase Property Asset Property $200.00
New York Avenue Asset Cash $200.00
5 Boardwalk Rent Expense Owner's Equity $50.00
Rent $50 Cash Assets $50.00
6 Passing GO Asset Cash $200.00
Owner's Equity Passing Go Income $200.00
7 Dividend Income Asset Cash $50.00
Owner's Equity Dividend Income $50.00
8 Purchase Property Asset Property $150.00
Electric Company Asset Cash $150.00
9 Chairman of Board Owner's Equity Board Expense $100.00
Asset Cash $100.00
10 Luxury Tax Owner's Equity Tax Expense $75.00
Asset Cash $75.00
11 Passing GO Asset Cash $200.00
Owner's Equity Passing Go Income $200.00
12 States Avenue Rent Expense Owner's Equity $10.00
Rent $10 Cash Assets $10.00
13 Purchase Property Asset Property $200.00
B&O Railroad Asset Cash $200.00
14 Rental Income Rental Income Owner's Equity $16.00
New York Avenue Cash Assets $16.00
15 Rental Income Owner's Equity Rental Income $8.00
Electric Company Assets Cash $8.00
16 Rental Income Owner's Equity Rental Income $12.00
 Virginia Avenue Assets Cash $12.00
17 Rental Income Owner's Equity Rental Income $12.00
Virginia Avenue Assets Cash $12.00
18 Rental Income Owner's Equity Rental Income $24.00
Electric Company Assets Cash $24.00
19 Passing GO Asset Cash $200.00
Owner's Equity Passing Go Income $200.00
20 Rental Income Owner's Equity Rental Income $25.00
B&O Railroad Assets Cash $25.00
21 State's Avenue Rent Expense Owner's Equity $10.00
Rent $10 Cash Assets $10.00
22 Closing Entry Passing Go Income Owner's Equity $600.00
Stockholder Equity Owner's Equity $600.00
23 Closing Entry Rent Expense Owner's Equity $70.00
Owner's Equity Stockholder Equity $70.00
24 Closing Entry Rent Income Owner's Equity $97.00
Stockholder Equity Owner's Equity $97.00
25 Closing Entry Luxury Tax Owner's Equity $75.00
Stockholder Equity Owner's Equity $75.00
26 Closing Entry Chairman of the Board Expense Owner's Equity $100.00
Stockholder Equity Owner's Equity $100.00
27 Closing Entry Dividend Income Owner's Equity $50.00
Stockholder Equity Owner's Equity $50.00