Friendley's Miniature Golf and Driving Range Inc. was opened on March 1 by Dean Barley. 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.
3		Purchased Arnies 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.)
5		Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,200 cash.
6		Paid cash $2,400 for a 1-year insurance policy.
10		Purchased golf clubs and other equipment for $5,500 from Golden Bear Company, payable in 30 days.
18		Received golf fees of $1,600 in cash from customers for golf services performed.
19		Sold 100 coupon books for $25 each in cash. Each book contains ten 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		Paid a $500 cash dividend.
30		Paid salaries of $800.
30		Paid Golden Bear Company in full for equipment purchased on March 10.
31		Received $900 in cash from customers for golf services performed.

Journalize the March transactions. Friendley's records golf fees as service revenue.