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 Stockholders invested $61,000 cash in the business in exchange for common stock of the corporation. Purchased Snead's Golf Land for $46,400 cash. The price consists of land $23,300, building $8,090, and equipment $15,010. (Record this in a single entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,370 cash. 5 6 Paid cash $3,700 for a 1-year insurance policy. 10. Purchased golf clubs and other equipment for $5,250 from Tahoe Company, payable in 30 days. 18 19 25 Received golf fees of $1,750 in cash from customers for golf services performed. Sold 150 coupon books for $30 each in cash. Each book contains 10 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.) Paid a $480 cash dividend. 238 30 Paid salaries of $860. 30 Paid Tahoe Company in full for equipment purchased on March 10.