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Problem 2-1A transactions occurred during March Mar, Invested $20,000cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land
Problem 2-1A transactions occurred during March Mar, Invested $20,000cash 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 expense of $900 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. 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 6 10 18 19 25 Withdrew $800 cash for personal use. 30 Paid salaries of $250. 30 Paid Stevenson Company in full 31 Received $2,700 cash for golf fees. Journalize the March transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order pre titles and enter O for the amounts.) sented in the problem. If no entry is required, select "No Entry" for the account Debit Credit Date Account Titles and Explanation Mar 3
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