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Mar. 1 Stockholders invested $ 5 0 , 0 0 0 cash in the business in exchange for common stock of the corporation. 3 Purchased

Mar. 1 Stockholders invested $50,000 cash in the business in exchange for common stock of the corporation.
3 Purchased Snead's Golf Land for $38,000 cash. The price consists of land $22,000, building $8,000, and equipment
$8,000.(Record this in a single entry.)
5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,000 cash.
6 Paid cash $2,000 for a 1-year insurance policy.
10 Purchased golf clubs and other equipment for $4,500 from Tahoe Company, payable in 30 days.
18 Received golf fees of $1,000 in cash from customers for golf services performed.
19 Sold 100 coupon books for $10 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 $400 cash dividend.
30 Paid salaries of $700.
30 Paid Tahoe Company in full for equipment purchased on March 10.
31 Received $800 in cash from customers for golf services performed.
Journalize the March transactions. Ayayai's records golf fees as service revenue. (If no entry is required, select "No Entry" for the account
titles and enter 0 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.)
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