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journalize the transaction: 4 Purchased Henry's Golf Land for $270,000. The price consists of land $125,000; buildings $100,000; and equipment $45,000. Paid cash of $100,000

journalize the transaction:

4 Purchased Henry's Golf Land for $270,000. The price consists of land $125,000; buildings $100,000; and equipment $45,000. Paid cash of $100,000 and signed a mortgage payable for the balance.

30 Paid $800 of interest on the mortgage payable

22 Received $1,200 from a school board that paid for students' golf lessons that will be given in June.

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