P2.1A (LO 1, 2) Holz Disc Golf Course was opened on March I by lan Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,000, shed $2,000, and equipment $1,000. (Make one compound entry.) 5 Paid advertising expenses of $900. 6 10 Paid cash $600 for a one-year insurance policy. Purchased golf discs and other equipment for $1,050 from Stevenson Company payable in 30 days. Journalize a series of transactions. GLS 2-40 CHAPTER 2 The Recording Process Received $1,100 in cash for golf fees (Holz records golf fees as service revenue). Sold 150 coupon books for $10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. Mar. 18 19 25 Withdrew $800 cash for personal use. 30 Paid Stevenson Company in full. 31 Received $2,700 cash for golf fees. 30 Paid salaries of $2.50. Holz Disc Golf uses the following accounts: Cash, Prepaid Insurance. Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Owner's Capital, Owner's Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Journalize the March transactions