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Holz Disc Golf Course was opened on March 1 by lan Holz. The following selected events and transactions occurred during March Mar. 1 Invested
Holz Disc Golf Course was opened on March 1 by lan Holz. The following selected events and transactions occurred during March Mar. 1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,000, shed $2,000, and equipment $1,000. (Include all in one transaction with three lines.) 4 Purchased a one-year insurance policy for $900. 5 Paid advertising expenses of $900. 10 Purchased golf discs and other equipment for $1,050 from Stevenson Company payable in 30 days. 18 Received $1,100 in cash for golf fees (Holz records golf fees as service revenue). 19 Sold 150 rounds of disc golf for $10 each... 25 Withdrew $800 cash for personal use. 29 Paid salaries of $250. 30 Paid Stevenson Company in full. 31 Received $2.700 cash for golf fees.
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