Cullumber Miniature Golf and Driving Range Inc. was opened on March 1 by Michael Wear. These selected events and transactions occurred during March.

Mar.

1

Shareholders invested $42,000 cash in the business in exchange for common shares of the corporation.

3

Purchased Arnie's Golf Land for $31,920 cash. The price consists of land $19,320, building $7,560, and equipment $5,040.

5

Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,340 cash.

6

Paid cash $2,020 for a 1-year insurance policy.

10

Purchased golf clubs and other equipment for $3,960 from Golden Bear Company, payable in 30 days.

18

Received golf fees of $1,000 in cash from customers for golf fees earned.

19

Sold 84 coupon books for $25 each in cash. Each book contains ten coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue is not earned until the customers use the coupons.)

25

Declared and paid a $420 cash dividend.

30

Paid salaries of $580.

30

Paid Golden Bear Company in full for equipment purchased on March 10.

31

Received $680 in cash from customers for golf fees earned.

31

Paid estimated income taxes for the month amounting to $84.

The company uses these accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Deferred Revenue, Common Shares, Retained Earnings, Dividends Declared, Fees Earned, Advertising Expense, Salaries Expense, and Income Tax Expense. Prepare journal entries to record the March transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title to record payment of salaries	Enter a debit amount	Enter a credit amount
	Enter an account title to record payment of salaries	Enter a debit amount	Enter a credit amount
	(To record payment of salaries)
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title to record payment of equipment purchased	Enter a debit amount	Enter a credit amount
	Enter an account title to record payment of equipment purchased	Enter a debit amount	Enter a credit amount
	(To record payment of equipment purchased)
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title to record cash received from customers	Enter a debit amount	Enter a credit amount
	Enter an account title to record cash received from customers	Enter a debit amount	Enter a credit amount
	(To record cash received from customers)
Choose a transaction date Mar. 1Mar. 3Mar. 5Mar. 6Mar. 10Mar. 18Mar. 19Mar. 25Mar. 30Mar. 31	Enter an account title to record payment of income tax	Enter a debit amount	Enter a credit amount
	Enter an account title to record payment of income tax	Enter a debit amount	Enter a credit amount
	(To reocord payment of income tax)