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Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transactions occurred during March. Invested $20,000 cash in

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Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transactions occurred during March. Invested $20,000 cash in the business. Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,000, shed $2,000, and equipment $1,000. (Make one compound entry.) Paid advertising expenses of $900. Paid cash $600 for a one-year insurance policy. Purchased golf discs and other equipment for $1, 050 from Stevenson Company payable in 30 days. Received $1, 100 in cash for golf fees (Holz records golf fees as service revenue). Sold 150 coupon books for $10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. Withdrew $800 cash for personal use. Paid salaries of $250. Paid Stevenson Company in full. Received $2, 700 cash for golf fees. Holz Disc Golf uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Owners Capital, Owners Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Journalize the March transactions

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