The Arid Sands Golf Club was opened for business on 1 July by Todd Simpson. The following selected events and transactions occurred during the first month of operations. July 1 3 6 10 18 The owner invested $2 500 000 cash into the business. Acquired the business of Jeffrey's Golf World for $1 800 000 cash. The price consisted of land $1000 000, building $650 000, and equipment $150 000. Advertised the opening of the golf course, paying advertising expenses of $36 000 for a major television campaign. Paid cash $36000 for a 1-year insurance policy. Purchased new golfing equipment for $60 000 from Rory Golfing, payable in 30 days. Received golf membership fees of $22000 in cash. Sold 200 coupon books for $400 each. Every book contains 10 coupons each of which entitles the holder to one round of golf Simpson withdrew $10 000 cash for personal use. Paid wages of $12600. Paid Rory Golfing in full. 19 25 27 29 30 31 Received $12000 cash for golf fees. Required Prepare general journal entries for the month of July, using appropriate account titles. Assume that a GST of 10% needs to be added for all appropriate transactions. Date Particulars Debit Credit July 1 Cash contributed by owner. 3 Cash paid for 1 year insurance policy. 18 Purchase of golfing equipment from Rory Golfing. 19 Cash received for golf fees. 25 Cash received on sale of 200 coupon books for $400 each. 27 Cash withdrawn by owner. 29 Cash paid for wages 30 Cash to Rory Golfing. 31 Cash received for golf fees