Accounting Cycle Review Problem 4A-1A Bradley's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 3 5 6 Stockholders invested $50,000 cash in the business in exchange for common stock of the corporation. Purchased Snead'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.) Advertised the opening of the driving range and minlature golf course, paying advertising expenses of $1,200 cash. Paid cash $2,400 for a 1-year insurance policy. 10 Purchased golf clubs and other equipment for $5,500 from Tahoe Company, payable in 30 days 18 Received golf fees of $1,600 in cash from customers for golf services performed. 19 Sold 100 coupon books for $25 each in cash. Each book contains 10 coupons that enable the holder to play one 25 30 30 31 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.) Paid a $500 cash dividend. Paid salaries of $800 Paid Tahoe Company in full for equipment purchased on March 10 Recelved $900 in cash from customers for golf services performed. During the month of March, Bradley's Miniature Golf and Driving Range, Inc. spent $ 4400 During the month of March, Bradley's Miniature Golf and Driving Range, Inc. spent $ 43500 to acquire assets to pay for expense:s Answer 1: You Answered 4400 Correct Answer 45,900 Correct Answer 45,900.00