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1 The Malim Miniature Golf and Driving Range was open on July 1, 2019 by Jamal. The following selected events and transactions occurred during July
1 The Malim Miniature Golf and Driving Range was open on July 1, 2019 by Jamal. The following selected events and transactions occurred during July 2019: July 1 Invested RM45,000.00 cash in the business. 3 Purchased Lee's Golf Land for RM38,000.00 cash. The price consists of land RM23,000.00, building RM9,000.00, and equipment RM6,000.00. (Make one compound entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of RM1,600.00. 6 Paid cash RM1,480.00 for one-year insurance policy. 10 Purchased golf clubs and other equipment for RM1,600.00 from Tanjong Company on accounts. 18 Received RM800.00 in cash for golf fees revenue. 19 Sold 100 bucket of golf balls for RM15.00 each bucket, that enable the holder to hit the golf balls at the driving range. 25 Withdrew RM500.00 cash for personal use. 30 Paid salaries of RM600.00. 30 31 Paid transaction on July 10 in full. Received RM500.00 cash for fees revenue. Accounts to be use: Cash Accounts Receivable Prepaid Insurance Land Buildings Equipment Accounts Payable Capital Withdrawal Golf Revenue Advertising Expenses Salaries Expenses Required: a. Journalize the July 2019 transactions. b. Post to the ledger accounts. c. Prepare a trial balance on July 31, 2019
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