Notes

These are my original transactions I got them from playing monopoly and recording them, Then I gathered the most common transactions and put them simplified into my chart of accounts,

I then journalized them and put them in this journal, for example, if my cash goes up due to me passing go that would be journalized as General credit and Cash Debit because my cash is going up.

after I finished, I checked to see if the totals were balanced if it is that means that I did everything correctly if it wasn’t then something is wrong, to check if it’s balanced, I added up the totals from General Debit, Property. rent expense and cash debit then checked to see if it was the same as the rest added up, and it was, therefore, it was balanced

I put the totals I got from journalizing into my general leger so that it was more organized

and used the worksheet to check if I put it in correctly as well as to see if I got net income which means I gained money or net loss which means I lost money, here I got a net income of 2537

The income statement backs this point as you can see, here I added up all of the Revenue and subtracted it by the total Expenses, this also showed that I had net income because of the left-over money.