3 4A Friendley's Miniature Golf and Driving Range Inc was opened on March 1 by Dean Barley These selected events and transactions occurred during March Mar 1 Stockholders invested $70,000 cash in the business in exchange for common stock of the corporation 3 Purchased Arnies Golf Land for $47,900 cash The price consists of land $24,900, building $8,380, and equipment $14,620 (Record this in a single entry ) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,220 cash 6 Paid cash $2,720 for a 1 year insurance policy 10 Purchased golf clubs and other equipment for $5,460 from Golden Bear Company, payable in 30 days 18 Received golf fees of $1,220 in cash from customers for golf services performed 19 Sold130 coupon books for $20 each in cash Each book contains ten coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls (Hint The revenue should not be recognized until the customers use the coupons ) 25 Paid a $410 cash dividend 30 Paid salaries of $880 30 Paid Golden Bear Company in full for equipment purchased on March 10 31 Received $860 in cash from customers for golf services performed Journalize the March transactions Friendley's records golf fees as service revenue (Credit account titles are automatically indented when amount is entered Do not indent manually Record journal entries in the order presented in the problem ) Date Account Titles and Explanation Debit Credit Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 3 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Mar 1Mar 3Mar 5Mar 6Mar 10Mar 18Mar 19Mar 25Mar 30Mar 31 Click if you would like to Show Work for this question Open Show Work

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3-4A Friendley's Miniature Golf and Driving Range Inc. was opened on March 1 by Dean Barley. These selected events and transactions occurred during March. Mar.1

3-4A

Friendley's Miniature Golf and Driving Range Inc. was opened on March 1 by Dean Barley. These selected events and transactions occurred during March.

Mar.1	Stockholders invested $70,000 cash in the business in exchange for common stock of the corporation.
3	Purchased Arnies Golf Land for $47,900 cash. The price consists of land $24,900, building $8,380, and equipment $14,620. (Record this in a single entry.)
5	Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,220 cash.
6	Paid cash $2,720 for a 1-year insurance policy.
10	Purchased golf clubs and other equipment for $5,460 from Golden Bear Company, payable in 30 days.
18	Received golf fees of $1,220 in cash from customers for golf services performed.
19	Sold130 coupon books for $20 each in cash. Each book contains ten coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.)
25	Paid a $410 cash dividend.
30	Paid salaries of $880.
30	Paid Golden Bear Company in full for equipment purchased on March 10.
31	Received $860 in cash from customers for golf services performed.

Journalize the March transactions. Friendley's records golf fees as service revenue.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31

Mar.3



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