Novak Miniature Golf and Driving Range plc was opened on March 1 by Mickey Snyder. The following selected events and transactions occurred during March. Mar. 1 3 Invested 47,900 cash in the business in exchange for ordinary shares. Purchased Michelle Wie's Golf Land for 39,210 cash. The price consists of land 10,200, building 22,740, and equipment 6,270. (Make one compound entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of 1,680. 6 Paid cash 1,599 for a 1-year insurance policy. 10 Purchased golf equipment for 2,340 from Young Company, payable in 30 days. 18 Received golf fees of 1,092 in cash. 25 Declared and paid a 530 cash dividend. 30 Paid salaries and wages of 881. 30 30 Paid Young Company in full. 31 Received 741 of fees in cash.