e Columh heading nings + Revent any changes in Retained should be Cash + Accounts ReceivableS Notes Payable +Accounts Payable + Common Stock + Retainedcha Expenses Dividends. Include margin explanatio Earnings. (b) Net income (b) Prepare an income statement for August, a retained earnings state $2, 570 Ret. earnings $3,470 and a classified balance sheet at August 31 on March 1 by Bob radley's Miniature Golf and Driving Range Inc. was opene Dean,fhese selected events and transactions occurred during Mare a seres transactions (LO 3), AP Mar 1 Stockholders invested $50,000 cash in the business in exc iness in exchange for comm or $38,000 cash. The price consists of land and equipment $6,000. (Record this in a single stock of the corporation 3 Purchased Snead's Golf Land f entry.) Advertised the opening of paying advertising expenses of $1,200 cash Paid cash $2,400 for a 1-year insurance policy. Purchased golf clubs and other equipment for $5,500 from land payable in 30 days. Received golf fees of $1,600 in cash from customers performed. Sold 100 coupon books for $25 each in cash. Each book contains 10 cou pons that enable the holder to play one round of miniature go bucket of golf balls. (Hint: The revenue should not be recognize customers use the coupons.) Paid a $500 cash dividend Paid salaries of $800. Paid Tahoe Company in full for equipment purchased on Marc Received $900 in cash from customers for gol 5 the driving range and miniature golf course, 6 Tahoe Company, 10 18 19 for golf services or to hit one d until the 25 30 30 31 h 10 If services performed. The company uses these accounts: Cash, Prepaid Insurance, Land, Buildings, Equ Accounts Payable, Unearned Service Revenue, Common Stock, Retained Earnings, Div dends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Journalize the March transactions, including explanations. Bradley's records golf fees as service revenue. sactions, post, ial balance P3-5A Ayala Architects incorporated as licensed architects on April 1, 2017. During th first month of the operation of the business, these events and transactions occurred