company uses the following accounts: prepaid insurance, land, buildings, equipment, accounts payable, owners capital, owners drawings, service revenue, advertising expense, and salr

aries wages expense

prepare a transaction analysis using T-accounts.

1- invested 27,200.

2-purchased golf land for 20,400. cash the price consists of land 16,320., shed 2720. and equipment 1360.00

3-purchased 1 yr insurance policy 1224.00

4-paid advertising expenses 1224.00

5- puchased golf disks 1428.00 from stevenson co payable in 30 days

7-received 1496.00 in cash for golf fees ( they record golf fees as service revenue)

8-sold 204 rounds of golf for 10.00 each

9-withdrew 1088.00 for cash personal use

10- paid salaries $340.00

11-paid stevenson company in full

12- received 3672.00 cash for gold fees

cash. debit /credit