Exercise 33 Kingbird, Inc. was opened on March 1 by Phal Woods. The following selected events and tr March 1 Invested $78,000 cash in the business in exchange for common shares March 3 Purchased Mickey Mickelson's Golf Land for $63,200 cash. The price consiests of $2,200 for March rent (use prepad account) that was already gaid on a storage wa land, $16,00, buldngs, $30,000; and equipment, $13,000. s To advertise the newdng rangn, Kinghbird sponsored and pad for an open hocostng ,00. 6 Paid $2,200 cash for a one-year insurance policy 10 Purchased golf equipment for $5,200 from Ayayai Corp., payable in 30 days 18 Earned fees of $3,400, which were biled on account 25 Declared and paid a $1,400 cash dividend. 30 Incurred and paid salaries and wages expense of $1,800 30 Paid rent for the month of Apeil in the amount of $2,200 31 Received fees of $700 related to a golf tournament that will take place in Aprd Journalize the March transactions. (Credit account titles are automatically indented when amount is entered. Do not indent mamually. It no entry is required, select No Eatry for the account titles and enter 0 for the amounts. Record journal entries in the onder presented in the probem.) Date Account Titles and Explanation Credit Mar. 3