Surepar Miniature Golf and Driving Range, Inc., was opened on March 1 by Jim McInnes. These selected events and transactions occurred during March:

Mar. 1 McInnes invested \(\$ 50,000\) cash in the business in exchange for common stock of the corporation.

3 Purchased Lee's Golf Land for \(\$ 38,000\) cash. The price consists of land \(\$ 23,000\), building \(\$ 9,000\), and equipment \(\$ 6,000\). (Record this in a single entry.)

5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of \(\$ 1,600\).

6 Paid cash \(\$ 1,480\) for a 1-year insurance policy.

10 Purchased golf clubs and other equipment for \(\$ 1,600\) from Palmer Company payable in 30 days.

18 Received golf fees of \(\$ 800\) in cash.
19 Sold 100 coupon books for \(\$ 15.00\) each. Each book contains ten coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls.
25 Declared and paid a \(\$ 500\) cash dividend.
30 Paid salaries of \(\$ 600\).
30 Paid Palmer Company in full.
31 Received \(\$ 500\) of fees in cash.
Jim McInnes uses these accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Revenue, Common Stock, Retained Earnings, Dividends, Golf Revenue, Advertising Expense, and Salaries Expense.
\section*{Instructions}
Journalize the March transactions.