Sage Hill Inc. was opened on March 1 by Phil Woods. The following selected events and transactions occurred during March:

March 1  Invested $79,400 cash in the business in exchange for common shares. 

3 Purchased Mickey Mickelson’s Golf Land for $66,980 cash. The price consists of $2,380 for March rent (use prepaid account) that was already paid on a storage warehouse; land, $19,400; buildings, $30,100; and equipment, $15,100. 

5 To advertise the new driving range, Sage Hill sponsored and paid for an open house costing $6,700 

6 Paid $2,460 cash for a one-year insurance policy. 

10 Purchased golf equipment for $5,360 from Cheyenne Corp., payable in 30 days. 

18 Earned fees of $3,720, which were billed on account. 

25 Declared and paid a $1,440 cash dividend. 

30 Incurred and paid salaries and wages expense of $2,130 30 Paid rent for the month of April in the amount of $2,560. 

31 Received fees of $820 related to a golf tournament that will take place in April. 

Journalize the March transactions.