Problem #1. (Transactions of a Corporation, Including Investment and Dividend) 40 points Scott Loder opened Ledford Miniature Golf and Driving Range Inc. on March 1. The following selected events and transactions occurred during March. Mar. 1 Invested $62,500 cash in the business in exchange for common stock. 3 Purchased Moises Moreno's Golf Land for $47,500 cash. The price consists of land $12,500; building $27,500; and equipment $7 500. (Make one compound entry. Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,000. 5 6 Paid cash $1,850 fo 10 Purchased golf equipment for S3,125 from Moore Company, payable in 30 days 18 Received golf fees of $1,500 in cash. 25 Declared and paid a $625 cash dividend. 30 Paid wages of $1,125. 30 Paid Moore Company in full. 31 Received $950 of fees in cash r a one-year insurance policy Ledford uses the following accounts: Cash Prepaid Insurance Land Buildings Equipment Accounts Payable Common Stock Dividends Service Revenue Advertising Expense Salaries and Wages Expense Instructions Journalize the March transactions