Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pharoah Miniature Golf and Drivieg Range inc. was opened on March 1 ty Michael Wear. These selected events and tranctions occurred during March. Mar. 1

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Pharoah Miniature Golf and Drivieg Range inc. was opened on March 1 ty Michael Wear. These selected events and tranctions occurred during March. Mar. 1 Shareholders invested $56,000 cavh in the business in exchampe for cammon shares of the corporation. 3. Purchased Arrie's Golf Land for 542,560 cath. The price conslats of land 325.760. bullins 510.000 and equp $6.720 6. Paid cash 52,720 for a 1-year insurance pollicy 10. Purchased golf clubs and other wquigment for 35360 tram Coblen Bear Compacx omable in 30 dam. 18. Received eote fees of 31,200 in carrffom austomers for eolf fees earned (coupens) 25. Declared and east a 5560 tish id vilterat 30 Pold waties ut 3720 30 Paid malaries of $720. 30 Paid Goiden Bear Company in tul for equipment purctused on March 10 31. Recelved 5960 in cash from custorners for golf fees eamed 31 Paid estimated income taxes for the monthamounting to $112 Getense. entries. Recerd journal entiles in the arder presented in the proclem. B

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing: An International Perspective

Authors: Rick Stephan Hayes, Philip Wallage, Arnold Schilder, Roger Dassen

1st Edition

0077095324, 978-0077095321

More Books

Students also viewed these Accounting questions