Ivanhoe Miniature Golf and Driving Range Inc. was opened on March 1 by Michael Wear. These selected events and transactions occurred during March.

Mar.	1		Shareholders invested $43,000 cash in the business in exchange for common shares of the corporation.
	3		Purchased Arnie's Golf Land for $32,680 cash. The price consists of land $19,780, building $7,740, and equipment $5,160.
	5		Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,370 cash.
	6		Paid cash $2,070 for a 1-year insurance policy.
	10		Purchased golf clubs and other equipment for $4,060 from Golden Bear Company, payable in 30 days.
	18		Received golf fees of $1,020 in cash from customers for golf fees earned.
	19		Sold 86 coupon books for $25 each in cash. Each book contains ten coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue is not earned until the customers use the coupons.)
	25		Declared and paid a $430 cash dividend.
	30		Paid salaries of $590.
	30		Paid Golden Bear Company in full for equipment purchased on March 10.
	31		Received $700 in cash from customers for golf fees earned.
	31		Paid estimated income taxes for the month amounting to $86.