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Question 2 of 2 - /5 E View Policies Current Attempt in Progress Concord's Miniature Golf and Driving Range Inc. was opened on March 1
Question 2 of 2 - /5 E View Policies Current Attempt in Progress Concord's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 3 5 6 10 18 Stockholders invested $68,500 cash in the business in exchange for common stock of the corporation. Purchased Snead's Golf Land for $42,800 cash. The price consists of land $24,300, building $9,730, and equipment $8,770. (Record this in a single entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,120 cash. Paid cash $2,700 for a 1-year insurance policy. Purchased golf clubs and other equipment for $5,800 from Tahoe Company, payable in 30 days. Received golf fees of $1,850 in cash from customers for golf services performed. Sold 100 coupon books for $15 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) Paid a $600 cash dividend. Paid salaries of $780. Paid Tahoe Company in full for equipment purchased on March 10. Received $800 in cash from customers for golf services performed. 19 25 30 30 31 0x0) ENG 17:31 11/09/20 Type here to search hp Question 2 of 2 - /5 Date Account Titles and Explanation Debit Credit O Type here to search - Px ) ENG 17:31 11/09/2020 30 hp S homework Question 2 of 2 - /5 III N (Paid salaries expense) (Paid creditor on account) Type here to search P 9 ENG 17:32 11/09/2020 ma
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