Metlock Miniature Golf and Driving Range Inc. was opened on March 1 by Rick Fowler. The following selected events and transactions occurred during March. Mar, Invested $53,500 cash in the business in exchange for common stock. 1 3 Purchased Michelle Wie's Golf Land for $37,140 cash. The price consists of land $10,880, building $20,700, and equipment $5,560. (Make one compound entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,548, 6 Paid cash $1,411 for a one-year insurance policy. 10 Purchased golf equipment for $2.630 from Singh Company, payable in 30 days. 18 Received golf fees of $1.263 in cash. 25 Declared and paid a $480 cash dividend. 30 Paid wages of $891. 30 Paid Singh Company in full. 31 Received $779 of fees in cash. Metlock uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment. Accounts Payable, Common Stock, Dividends, Service Revenue. Advertising Expense, and Salaries and Wages Expense. Date Account Titles and Explanation Debit Credit (Paid wages expense) (Paid creditor on account)