Novak'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 $64,500 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $45,900 cash. The price consists of land $23,800, building 59,310, and equipment $12.790. (Record this in a single entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,450 cash. 6 Paid cash $2,500 for a 1-year insurance policy. 10 Purchased golf clubs and other equipment for $5,550 from Tahoe Company, payable in 30 days. 18 Received golf fees of $2,300 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 $490 cash dividend. 30 Pald salaries of $760. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received $990 in cash from customers for golf services performed for the amounts Credit Journalize the March transactions. Novak's records golf fees as service revenue. (If no entry is required, select "No Entry for the accountries and enter account titles are 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