myuni.adelaide.edu.au Extended Activit.. Get Homework Deanna Vealek Get Homework.. Select 4 Questi... Tutorial II Assessment to accompany carion, Financial Accounting! Keporting, Analysis and Decision Making, be U S Help System Announcement Mar. Invested $60,000 cash in the business, NE 3 Purchased Lee's Golf Land for $38,000 cash. The price consists of land $23,000, building $9,000 and equipment $6,000. (Make one compound entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,600. 6 Paid cash $1,480 for a one-year Insurance policy. 10 Purchased golf clubs and other equipment for $2,600 from Parry Company payable in 30 days. 18 Received $800 in cash for golf fees earned. 19 Sold 100 coupons books for $15 each. Each book contains 10 coupons that enable the holder to one round of miniature golf or to hit one bucket of golf balls. 25 Withdrew $1,000 cash for personal use. 30 Pald salaries of $600. 30 Paid Parry Company in full. 31 Received $500 cash for fees earned. Bill Tran uses the following accounts: Cash; Prepaid insurance; Land; Buildings, Equipment; Accounts payable; Unearn revenue; Bill Tran, capital; Bill Tran, drawing; Golf revenue; Advertising expenses; and Salaries expense. dy Instructions Journalise the March transactions (Enter all debit entries first followed by all credit entries. Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Date Account and explanations Debit Credit Mar. 1 (Owner's investment of cash in business) (Purchased Lee's Golf Land)