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Marigold's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1

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Marigold's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $55,000 cash in the business in exchange for common stock of the corporation 3 Purchased Snead's Golf Land for $40,400 cash. The price consists of land $22.400, building $9.170, and equipment $8,830. (Record this in a single entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,210 cash. 6 Paid cash $4,050 for a 1-year Insurance policy. 10 Purchased golf clubs and other equipment for $4.700 from Tahoe Company, payable in 30 days. 18 Received golf fees of $1,750 in cash from customers for golf services performed 19 Sold 115 coupon books for $30 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 $680 cash dividend. 30 Paid salaries of $780. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received $960 in cash from customers for golf services performed for the amount odit accountities are automatically indeed amount Joumalize the March transactions, Marigoldsrecords of fees as service revenu e entry is more sectory for the accounts and entered. Deret inden manuel Recordjouma i n the order presented in the problem Date Account Titles and Explanation Debit Credit (Paid salaries expense) (Paid creditor on account)

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