The Arid Sands Golf Club was opened for business on 1 July by Todd Simpson. The following selected events and transactions occurred during the first month of operations.

Required Prepare general journal entries for the month of July, using appropriate account titles. Assume that a GST of 10% needs to be added for all appropriate transactions.

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July 1 3 6 10 18 19 25 27 29 The owner invested $2500 000 cash into the business. Acquired the business of Jeffrey's Golf World for $1800 000 cash. The price consisted of land $1 000 000, building $650 000, and equipment $150000. Advertised the opening of the golf course, paying advertising expenses of $36000 for a major television campaign. Paid cash $36000 for a 1-year insurance policy. Purchased new golfing equipment for $60 000 from Rory Golfing, payable in 30 days. Received golf membership fees of $22000 in cash. Sold 200 coupon books for $400 each. Every book contains 10 coupons each of which entitles the holder to one round of golf. Simpson withdrew $10000 cash for personal use. Paid wages of $12600. 30 Paid Rory Golfing in full. 85 31 Received $12,000 cash for golf fees.