E3-3 Skysong, Inc. was opened on March 1 by Phil Woods. The following selected events and transactions occurred during March: March 1 3 Purchased Mickey Mickelson's Golf Land for $65,280 cash. The price consists of $2,280 for March rent (use prepaid account) that was already paid on a storage warehouse; land, $18,100; buildings. $31,700: and equipment, $13,200. 5 To advertise the new driving range, Skysong sponsored and paid for an open house costing $6,950. Invested $80,000 cash in the business in exchange for common shares. 6 Paid $2,200 cash for a one-year insurance policy. 10 Purchased golf equipment for $5,380 from Grouper Corp.. payable in 30 days. 18 Earned fees of $3,600. which were billed on account. 25 Declared and paid a $1,680 cash dividend. 30 Incurred and paid salaries and wages expense of $2,040. 30 Paid rent for the month of April in the amount of $2,450. 31 Received fees of $820 related to a golf tournament that will take place in April. (a) Journalize the March transactions