BAF 3M Monopoly Quest

1

Who developed the game "Monopoly"?

Milton Bradley

Charles Darrow

The Parker Brothers

The Monopoly Man

3

Name 3 skills you would need to play this game successfully?

2

Explain briefly why this project is called "Accounting Monopoly".

1

How many days do you play the game?

1

2

3

4

9

Select all the kinds of documents you will include in your summative report.

1

What is the object of the game?

The object of the game of Monopoly Accounting is to rent or sell properties profitably and earn the highest return of Net Income among all students in the group/class.

The object of the game of Monopoly Accounting is to buy, rent or sell properties profitably and earn the lowest return of Net Income among all students in the group/class.

The object of the game of Yahtzee Accounting is to buy, rent or sell properties profitably and earn the highest return of Net Income among all students in the group/class.

The object of the game of Monopoly Accounting is to buy, rent or sell properties profitably and earn the highest return of Net Income among all students in the group/class.

2

Select the absence rules that apply:

Students who are absent for two consecutive days of game play (without parent excuse), automatically forfeit all property holdings back to the bank for other members to purchase in future rounds.

Any day you are absent, your team members will not have to pay rent when they land on your property.

1

Is this the correct denomination of each bill you will receive to start the game?
$1500 consists of:
2 x $500= $1000
2 x $100= $200
2 x $50= $100
6 x $20= $120
5 x $10= $50
5 x $5= $25
5 x $1= $5

Tačno

Netačno

1

On what sheet do you record which property you have purchased?

General Journal

Genearl Journal, Investment Portfolio

General Journal, Ledger, and Investment Portfolio

1

Write an example journal explanation for the following:
You rolled a 7. You landed on Park Place, which you own. You decide to purchase a house at a cost of $200.

Bought a sweet little house for property on Park Place, $200.

Purchased house for property on Park Place, $200.

Purchased house for property, $200.

Purahsed a house for Park Place.

6

There are six tasks you must complete at the end of each day. Select all the tasks you must do:

1

2

Select the rules for Journal Entries.

Each role of the dice will result in either no journal entry, one player making an entry, or in two players making an entry.

All journal entries MUST have an explanation.

3

Select the rules for Jail.

By your third roll in jail, you MUST pay $50 to exit and then move the number of spaces rolled with the dice.

You must wear a prison coat for the duration of your visit in jail.

If in jail, you can collect rent and/or sell properties.

To exit, you MUST roll doubles (but can’t move) or pay $50 to Free Parking.

1

Select the rules for Passing Go.

Get $2.

Get $2000.

Get $200.

1

Select the rules for Income Tax.

Pay $2000, not 100% of total worth.

Pay $200, not 10% of total worth.

2

Select the rules for Bankruptcy.

Players cannot borrow money from the bank UNLESS you mortgage a property you own. Mortgage prices are on the back of each card.

Interest is charged from the second you mortgage property and counted using a YouTub timer.

No interest is charged on mortgaged properties.

1

Select the rules for Double Dice.

If you roll a double, you are to roll again (get another turn).

If you roll a double, you must eat a piece of Double Bubble Bubble Gum.

If you roll a double, you must run around the table twice.

2

Select the rules for Free Parking.

All money has to be paid to Free Parking (in the middle) except for property related purchases (i.e. if you buy property). Example: “School tax”, “Doctor’s Fee” and “Poor Tax” go into the middle/Free Parking.

All money has to be paid to Jail (in the middle) except for property related purchases (i.e. if you buy property). Example: “School tax”, “Doctor’s Fee” and “Poor Tax” go into the middle/Free Parking.

Free Parking is $500 to start which comes from the bank.

Free Parking is $5000 to start which comes from the bank.

5

Select the rules for Properties/Land.

Essentially, the rules of Monopoly Accounting mirror those of the regular game of Monopoly, except that players do not need to own all properties of a given set in order to purchase buildings for them.

Students must pass GO at least once prior to purchasing any property.

You do NOT need to build evenly.

Prices of houses and hotels are stated on the card and MUST be followed. Do not create your own price.

You can sell your property for CASH ONLY. You cannot trade properties.

5

What are the five types of expense accounts?

5

What are the five types of revenue accounts?

1

What is the most expensive property?

Park Place

Boardwalk

Mediterranean Ave.

Baltic Ave.

1

What is the leaset expensive property?

St. Charles Place

Mediterranean Ave.

St. James Place

Reading Railroad

5

What kind of information is found in the Investment Portfolio sheet?

The total cost of the property

How much you paid for each hotel.

How much each property cost.

What property you purchased.

How much you paid for each house.

BAF 3M Monopoly Quest

Who developed the game "Monopoly"?

Name 3 skills you would need to play this game successfully?

Explain briefly why this project is called "Accounting Monopoly".

How many days do you play the game?

Select all the kinds of documents you will include in your summative report.

What is the object of the game?

Select the absence rules that apply:

Is this the correct denomination of each bill you will receive to start the game?$1500 consists of: 2 x $500= $10002 x $100= $2002 x $50= $1006 x $20= $120 5 x $10= $505 x $5= $255 x $1= $5

On what sheet do you record which property you have purchased?

Write an example journal explanation for the following:You rolled a 7. You landed on Park Place, which you own. You decide to purchase a house at a cost of $200.

There are six tasks you must complete at the end of each day. Select all the tasks you must do:

Select the rules for Journal Entries.

Select the rules for Jail.

Select the rules for Passing Go.

Select the rules for Income Tax.

Select the rules for Bankruptcy.

Select the rules for Double Dice.

Select the rules for Free Parking.

Select the rules for Properties/Land.

What are the five types of expense accounts?

What are the five types of revenue accounts?

What is the most expensive property?

What is the leaset expensive property?

What kind of information is found in the Investment Portfolio sheet?

Who developed the game "Monopoly"?

Name 3 skills you would need to play this game successfully?

Explain briefly why this project is called "Accounting Monopoly".

How many days do you play the game?

Select all the kinds of documents you will include in your summative report.

What is the object of the game?

Select the absence rules that apply:

Is this the correct denomination of each bill you will receive to start the game?$1500 consists of: 2 x $500= $10002 x $100= $2002 x $50= $1006 x $20= $120 5 x $10= $505 x $5= $255 x $1= $5

On what sheet do you record which property you have purchased?

Write an example journal explanation for the following:You rolled a 7. You landed on Park Place, which you own. You decide to purchase a house at a cost of $200.

There are six tasks you must complete at the end of each day. Select all the tasks you must do:

Select the rules for Journal Entries.

Select the rules for Jail.

Select the rules for Passing Go.

Select the rules for Income Tax.

Select the rules for Bankruptcy.

Select the rules for Double Dice.

Select the rules for Free Parking.

Select the rules for Properties/Land.

What are the five types of expense accounts?

What are the five types of revenue accounts?

What is the most expensive property?

What is the leaset expensive property?

What kind of information is found in the Investment Portfolio sheet?

Is this the correct denomination of each bill you will receive to start the game?
$1500 consists of:
2 x $500= $1000
2 x $100= $200
2 x $50= $100
6 x $20= $120
5 x $10= $50
5 x $5= $25
5 x $1= $5

Write an example journal explanation for the following:
You rolled a 7. You landed on Park Place, which you own. You decide to purchase a house at a cost of $200.

Is this the correct denomination of each bill you will receive to start the game?
$1500 consists of:
2 x $500= $1000
2 x $100= $200
2 x $50= $100
6 x $20= $120
5 x $10= $50
5 x $5= $25
5 x $1= $5

Write an example journal explanation for the following:
You rolled a 7. You landed on Park Place, which you own. You decide to purchase a house at a cost of $200.