Cash.

Prepaid insurance.

Land.

Buildings.

Equipment.

Accounts payable.

Unearned service revenue.

Owner's capital.

Owner's drawings.

Service revenue.

Advertising expense.

Salaries and wages expense.

1-May

Invested $20,000 cash in the golf course business.

3-May

Purchased Hampstead Golf Land for $15,000 cash. The price includes land $12,000, shed $2,000, and equipment $1,000.

5-May

Paid advertising expenses of $700.

6-May

Paid cash $600 for a one-year insurance policy.

10-May

Purchased golf discs and other equipment for $1,050 from Discs Are Us, payable in 30 days.

18-May

Received $1,100 in cash for golf fees earned (service revenue).

19-May

Sold 150 coupon books for $10 each. Each book contains four coupons that enable the holder to play one round of disc golf.

25-May

Withdrew $800 cash for personal use.

30-May

Pay $250 as salaries for part-time employees.

30-May

Paid Discs Are Us the full amount due.

31-May

Received $2,100 cash for fees earned.