Question
Golf place was opened on March 1 by Roua's company . The following selected events and transactions occurred during March. Mar . 1- Invested 60,000
Golf place was opened on March 1 by Roua's company . The following selected events and transactions occurred during March.
Mar.
1- Invested 60,000 cash in the business in exchange for ordinary shares.
3- Purchased Liad's Golf Land for 38,000cash. The price consists of land 10,000, building 22,000, and equipment6,000. (Make one compound entry.)
5- Advertised the opening of the driving range and miniature golf course, paying advertising expenses of 1,600.
6- Paid cash 1,480 for a 1-year insurance policy.
7- Purchased golf equipment for2,500 from Anan's Company, payable in 30 days.
18 - Received golf fees of 1,200 in cash.
25- Declared and paid a1,000 cash dividend.
30 - Paid salaries and wages of 900.
30- Paid Anan's Company in full.
31- Received 750 of fees in cash.
Required:
Journalize March Transactions
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