Question 6 of 26 - / 10 View Policies Current Attempt in Progress Windsor Club Miniature Golf and Driving Range was opened on May 1. The following events and transactions are for May. May 1 2 4 5 6 15 19 20 Amin Mawani, the owner, invested $77.300 cash in the business. Purchased Lee's Golf Land for $261,000. The price consists of land. $129,000; building. $88,000; and equipment, $44,000. Paid $50,500 cash and signed a note payable for the balance. Purchased golf clubs and other equipment for $17,600 from Woods Company on account. Hired a golf pro to teach lessons at the golf range at a rate of $35 per hour. Paid $2,960 cash for a one-year insurance policy. Collected $2.330 of golf fees in cash from customers for services provided. Paid Woods Company $4,400 for the items purchased on May 4. Billed a customer, Deer Fern Inc., $1,600 for golf lessons provided. Deer Fern Inc. paid $240 and agreed to pay the remaining amount owing in 10 days. Received $1,360 from Deer Fern Inc for the May 20 transaction Collected $3,170 cash from golfing customers for golf services provided. Paid salaries of $2,620. Paid $765 of interest on the note payable. Paid Amin Mawani $1.730 for his personal use. 30 31 31 31 31 The company's chart of accounts includes the following accounts: Cash: Accounts Receivable: Prepaid Insurance; Land: Buildings: Equipment: Accounts Payable; Notes Payable; A. Mawani, Capital: A. Mawani