Indigo's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March Mar. 1 Stockholders invested $55,500 cash in the business in exchange for common stock of the corporation 3 Purchased Snead's Golf Land for $41,000 cash. The price consists of land $24.500, building $9,190, and equipment $7,310. (Record this in a single entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,470 cash. 6 Paid cash $4.150 for a 1-year insurance policy 10 Purchased golf clubs and other equipment for $5.900 from Tahoe Company, payable in 30 days. 18 Received golf fees of $2,800 in cash from customers for golf services performed 19 Sold 130 coupon books for $25 each in cash. Each book contains 10 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 $630 cash dividend. 30 Paid salaries of $710. 30 Paid Tahoe Company in full for equipment purchased on March 10 31 Received $830 in cash from customers for golf services performed. Journalize the March transactions. Indigo's records golf fees as service revenue. (If no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Mar. 1 Cash 55500 Common Stock 55500 41000 Land 24500 Buildings 9190 Equipment 7310 2470 Advertising Expense 2470 Cash 4150 Prepaid Insurance 4150 Cash 5900 Accounts Payable 5900 Mar. 183 Cash 2800 Service Revenue 2800 2800 Mar. 18 Cash 2800 Service Revenue 3250 Mar. 19 Cash 3250 Sales Revenue 630 Mar 25 Cash Dividends Mar 30 Cash 710 Salaries and Wages Expense (Paid salaries expense) Mar. 30 Accounts Payable 5900 Supplies Expense 5900 (Paid creditor on account) Mar 31 : Cash Service Revenue