Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Problem 2-01A Holz Disc Golf Course was opened on March 1 by Colada Holz. The following selected events and transactions occurred during March Mar. 1 Invested $21,000 cash in the business 3 Purchased Rainbow Golf Land for $16,000 cash. The price consists of land $12,700, shed $1,900, and equipment $1,400. (Make one compound entry) 5 Paid advertising expenses of $700. 6 Paid cash $680 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,000 from Stevenson Company payable in 30 days. 18 Received $1,200 in cash for golf fees (Holz records golf fees as service revenue). 19 Sold 100 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golf 25 Withdrew $900 cash for personal use. 30 Paid salaries of $200 30 Paid Stevenson Company in full 31 Received $2,100 cash for golf fees Journalize the March transactions. (Credit account titles are automatically indented when anunt is entered. Do not indent manually. Record journalen If no entry is required, select "No Entry for the account titles and enter for the amount Date Account Titles and Explanation Credit Problem 2-02A a-c (Video) Vera Emst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested $23,000 cash in her business. 1 Hired a secretary-receptionist at a salary of $900 per week payable monthly 2 Paid office rent for the month $1,000. 3 Purchased dental supplies on account from Dazzle Company $4,500. 10 Performed dental services and billed insurance companies $4,700. 11 Received $1,100 cash advance from Leah Mataruka for an implant. 20 Received $1,900 cash for services performed from Michael Santos 30 Paid secretary receptionist for the month $3,600 30 Paid $2,900 to Dazzle for accounts payable due Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Owner's investment of cash in business Hero Problem 2-03A a-c Lily Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $41,000 cash in the company, as its sole owner 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,000 per month 3. Signed a 2-year rental agreement on a warehouse paid $24,000 cash in advance for the first year 4. Purchased furniture and equipment costing $30,600. A cash payment of $12,000 was made immediately, the remainder will be paid in 6 months 5. Paid $1,900 cash for a one-year insurance policy on the furniture and equipment Transactions during the remainder of the month: 6. Purchased basic office supplies for $500 cash 7. Purchased more office supplies for $1,200 on account 8. Total revenues earned were $18,600-57,600 cash and $11,000 on account 9. Paid $300 to suppliers for accounts payable due 10. Received 52,900 from customers in payment of accounts receivable 11. Received utility bills in the amount of $400, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $6,000 Prepare journal entries to record each of the events listed (Credit account titles are automatically and indented when amount is evitered. Do not indent man Entry for the account tities and enter for the amounts.) No. Account Titles Debit Credit