Bradley's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean These selected events and transactions occurred during March March 1 Stockholders invested $50,000 cash in the business in exchange for common stock of the corporation 3 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. 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,200 cash. 6 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 round of miniature golf or hit one bucket of golf balls. (Hint: The revenue should not be recognized until customers use the coupons.) 25 Paid a$500 cash dividend, 30 Paid salaries of $800. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received $900 in cash from customers for golf services performed. The company uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Common Stock, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Joumalize the March transactions, Bradley's records golf fees as service revenue. For EACH transaction, DEBITS MUST be recorded first followed by the credit (which is indented). As an example, the first transaction is recorded you: for Date Description Debit Credit March 1 Cash $ 50,000 Common Stock S 50,000 Date Description Debit Credit Date Description Debit Credit