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

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Monty's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March port Mar. 1 Stockholders invested $61,000 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 $24,800, building $8,390, and equipment $7.210. (Record this inasingle entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,430 cash. 6 Paid cash $2,100 for a 1 year insurance policy 10 Purchased golf clubs and other equipment for $5.300 from Tahoe Company, payable in 30 days 18 Received golf fees of $2,600 in cash from customers for golf services performed 19 Sold 135 coupon books for $15 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 $490 cash dividend. 30 Paid salaries of $810 30 Paid Tahoe Company in full for equipment purchased on March 10 31 Received $960 in cash from customers for golf services performed n tities and enter for the amounts ou Journalize the March transactions. Monty's records golf fees as Service revenue entry is sed "No Entry for the e automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Debit Credit Date Account Titles and Explanation 26 PM ere to search Journalize the March transactions. Monty's records golf fees as service revenue. If no entry is required, sest "No Entry for the amount tities and enter for the amounts Gedimus automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit were to search Sesso Oure 09 (Paid salaries expense) (Paid creditor on account eTextbook and Media List of Accounts Type here to search

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