Mar. 1 Stockholders invested $59,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $41,200 cash. The price consists of land $22,900, building $8,310, and equipment \$9,990. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,560 cash. 6 Paid cash $3,500 for a 1-year insurance policy. 10 Purchased golf clubs and other equipment for $4,800 from Tahoe Company, payable in 30 days. 18 Received golf fees of $1.550 in cash from customers for golf services performed. 19 Sold 105 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 $420 cash dividend. 30 Paid salaries of $810. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received $800 in cash from customers for golf services performed. apter 3 Homework Question 11 of 12 education.wiley.com apter 3 Homework Date Account Titles and Explanation Debit Credit- 12 >