Adventure Sheridan Golf and Driving Sheffield Inc. opened on May 1. The following selected events and transactions occurred during May: May 1 4 4 5 6 Issued common shares for $114,000 cash. Purchased Henry's Golf Land for $273,000. The price consists of land $127.000; buildings $101.000; and equipment $45,000. Paid cash of $101.000 and signed a mortgage payable for the balance. Paid $1,400 for a one-year insurance policy; coverage begins next month. Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $400. Purchased equipment for $8,200 on account Received $7,900 from customers for golf fees earned. (Hint:Use the account Fees Earned torecord golf fees.) Declared and paid $1,000 of dividends to shareholders. Received $1,000 from a school board that paid for studentsgolf lessons that will be given in June. Paid for the equipment purchased on May 6. Paid $800 of interest on the mortgage payable. Paid salaries of $3,200. 18 20 22 29 30 30 Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)