Question
Holz Disc Golf Course was opened on March 1 by Brothers Holz. The following selected events and transactions occurred during March. Mar. 1Invested $20,000cash in
Holz Disc Golf Course was opened on March 1 by Brothers Holz. The following selected events and transactions occurred during March.
Mar. 1Invested $20,000cash in the business.3Purchased Rainbow Golf Land for $14,000cash. The price consists of land $10,800, shed $1,800, and equipment $1,400. (Make one compound entry.)5Paid advertising expenses of $700.6Paid cash $530 for a one-year insurance policy.
10Purchased golf discs and other equipment for $1,200 from Stevenson Company payable in 30 days.18Received $1,000in cash for golf fees (Holz records golf fees as service revenue).19Sold200coupon books for $20each. Each book contains 4 coupons that enable the holder to play one round of disc golf.25Withdrew $800cash for personal use.30Paid salaries of $400.30Paid Stevenson Company in full.
31Received $2,000cash for golf fees.
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