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4 of b Golf Course was opened on March 1 by Brothers Holz. The following select Invested $21,000 cash in the business. Purchased Rainbow

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4 of b Golf Course was opened on March 1 by Brothers Holz. The following select Invested $21,000 cash in the business. Purchased Rainbow Golf Land for $14,000 cash. The price consists of land $10,500, shed $2,100, and equipment $1,400 (Make one compound entry.) Paid advertising expenses of $600. Paid cash $680 for a one-year insurance policy. Purchased golf discs and other equipment for $1,200 from Stevenson Company payable in 30 days. Received $1,200 in cash for golf fees (Holz records golf fees as service revenuel. C Sold 100 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 5 Withdrew $700 cash for personal use. Paid salaries of $300. any in full.

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