Team Battleship Transactions

1) Purchase Oriental Avenue for $100

Answer: Land (Asset) $100
Cash (Asset) $100

2) Purchase St. Charles Place for $140

Land (Asset) $140
Cash (Asset) $140
3) Purchase Kentucky Ave for $220
Land (Asset) $220
Cash (Asset) $220
4) Pay $50 to get out of jail
Answer: Fines & Penalty Expense $50
Cash (Asset) $50

5) Purchase States Ave for $140

Land (Asset) $140
Cash (Asset) $140

6) Pay $10 to another player for birthday (Hint: Debit Miscellaneous Expense)
Miscellaneous Expense (Equity) $10
Cash (Asset) $10
7) Purchase Illinois Ave for $240
Land (Asset) $240
Cash (Asset) $240
8) Receive $50 from another player. (Hint: Use miscellaneous revenue)
Miscellaneous Revenue (Equity) $50
Cash (Asset) $50
9) Receive $100 from Community Chest
Miscellaneous Revenue (Equity) $100
Cash (Asset) $100
10) Receive Rent Revenue of $6 from another player
Rental Revenue (Equity) $6
Cash (Asset) $6
11) Pass Go, Receive $200 Salary
Salary Revenue (Equity) $200
Cash (Asset) $200
12) Chance: Life Insurance Matures, Receive $100
Miscellaneous Revenue (Equity) $100
Cash (Asset) $100
13) Receive Rent from opponent of $10
Rental Revenue (Equity) $10
Cash (Asset) $10
14) Land on utility company, pay expense of $60
Utility Expense (Equity) $60
Cash (Asset) $60
15) Purchase St. James Place for $180
Land (Asset) $180
Cash (Asset) $180
16) Receive $14 for Rent from opponent
Rental Revenue (Equity) $14
Cash (Asset) $14
17) Purchase B&O Railroad for $200
Investment – Railroads (Asset) $200
Cash (Asset) $200
18) Purchase Ventnor Ave for $260
Land (Asset) $260
Cash (Asset) $260
19) Pay Rent to another player of $35
Rental Expense (Equity) $35
Cash (Asset) $35
20) Pass Go, Collect $200 Salary
Salary Revenue (Equity) $200
Cash (Asset) $200