Create appropriate journal entries for each of the following business events. Fill in the yellow cells in columns B, C, and D as appropriate.
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 $45,000 cash in the golf course business.
3-May	Purchased Hampstead Golf Land for $40,000 cash. The price includes land $22,000, shed $16,000, and equipment $2,000.
5-May	Paid advertising expenses of $8,800.
6-May	Paid cash $12,000 for a one-year insurance policy.
10-May	Purchased golf discs and other equipment for $12,075 from Discs Are Us, payable in 30 days.
18-May	Received $9,985 in cash for golf fees earned (service revenue).
19-May	Sold 370 coupon books for $25 each. Each book contains four coupons that enable the holder to play one round of disc golf.
25-May	Withdrew $1,250 cash for personal use.
30-May	Pay $2,500 as salaries for part-time employees.
30-May	Paid Discs Are Us the full amount due.
31-May	Received $31,000 cash for fees earned.
Note: The first two rows below are an example for cash.
Date	Accounts	Debit	Credit
1-May	Cash	$20,000
	Owner's Capital		$20,000