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Financial Accounting help!!!! Please and thank you!! 1. During month of march, how much did the company spend to acquire assets? 2. During month of

Financial Accounting help!!!! Please and thank you!!image text in transcribed

1. During month of march, how much did the company spend to acquire assets?

2. During month of march, how much did the company spend to pay for expenses?

Bradley's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $50,000 cash in the business in exchange for common stock of the corporation. 2 3 Purchased Snead's Golf Land for $38,000 cash. The price consists of land $23,000, building $9,000, and equipment $6,000. (Record this in a single entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,200 5 6 10 18 19 Paid cash $2,400 for a 1-year insurance policy. Purchased golf clubs and other equipment for $5,500 from Tahoe Company, payable in 30 days. Received golf fees of $1,600 in cash from customers for golf services performed. Sold 100 coupon books for $25 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) 25 30 30 31 Paid a $500 cash dividend. Paid salaries of $800 Paid Tahoe Company in full for equipment purchased on March 10 Received $900 in cash from customers for golf services performed

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