Mar 1 3 Sheridan Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transactions occurred during March Invested $49,900 cash in the business in exchange for common stock Purchased Michelle Wie's Golf Land for $37,420 cash. The price consists of land $10,560, building $20,630, and equipment $6,230. (Make one compound entry) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,457. Paid cash $1,423 for a one-year insurance policy Purchased golf equipment for $2,350 from Singh Company, payable in 30 days Received golf fees of $1.266 in cash. Declared and paid a $530 cash dividend. Paid wages of $888 Paid Singh Company in full Received $799 of fees in cash. 5 6 10 18 25 30 30 31 Sheridan uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment Accounts Payable, Common Stock, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Journalize the March transactions. (Use Service Revenue account to record fees.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Mar. 1 49,000 Cash Common Stock 49,000 C >