Current Attempt in Progress

Marigold Miniature Golf and Driving Range Inc. was opened on March $1$ by Rick Fowler. The following selected events and

transactions occurred during March.

Mar. Invested $$45,400$ cash in the business in exchange for common stock.

$1$

$3$ Purchased Michelle Wie's Golf Land for $$39,380$ cash. The price consists of land $$10,040,$ building $$23,380,$ and

equipment $$5,960.($Make one compound entry.$)$

$5$ Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $$1,622.$

$6$ Paid cash $$1,615$ for a one$-$year insurance policy.

$10$ Purchased golf equipment for $$2,750$ from Singh Company, payable in $30$ days.

$18$ Received golf fees of $$1,175$ in cash.

$25$ Declared and paid a $$550$ cash dividend.

$30$ Paid wages of $$815.$

$30$ Paid Singh Company in full.

$31$ Received $$720$ of fees in cash.

Marigold uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Common Stock,

Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense.