Mar. $1$ Stockholders invested $$62,500$ cash in the business in exchange for common stock of the corporation.

$3$ Purchased Snead's Golf Land for $$43,700$ cash. The price consists of land $$24,900,$ building $$9,770,$ and equipment

$$9,030.($Record this in a single entry.$)$

$5$ Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $$1,860$ cash.

$6$ Paid cash $$4,850$ for a $1-$year insurance policy.

$10$ Purchased golf clubs and other equipment for $$4,950$ from Tahoe Company, payable in $30$ days.

$18$ Received golf fees of $$2,400$ in cash from customers for golf services performed.

Sold $130$ coupon books for $$25$ 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 $$560$ cash dividend.

$30$ Paid salaries of $$860.$

$30$ Paid Tahoe Company in full for equipment purchased on March $10.$

$31$ Received $$800$ in cash from customers for golf services performed.