Instructions:

Journalize transactions

post the ledger accounts

Prepare a trial balance on September 30,2008

3-10 Surepar Miniature Golf and Driving Range was opened on March 1 by Bill Affleck. The following selected events and transactions occurred during March: Mar. 1 Invested $60,000 cash in the business in exchange for common stock. 3 Purchased Lee's Golf Land for $38,000 cash. The price consists of land $23,000, building $9,000, and equipment $6,000. (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 one-year insurance policy. 10 Purchased golf clubs and other equipment for $2,600 from Parton Company payable in 30 days. 18 Received $800 in cash for golf fees earned. 19 Sold 100 coupon books for $15 each. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. 25 Declared and paid $1,000 cash dividend. 30 Paid salaries of $600. 30 Paid Parton Company in full. 31 Received $500 cash for fees earned. Bill Affleck uses the following accounts: Cash; Prepaid Insurance; Land; Buildings; Equipment; Accounts Payable; Unearned Revenue; Common Stock; Dividends; Golf Revenue; Advertising Expense; and Salaries Expense