CALCULATOR PRINTER VERSION BACK NEXT Problem 2-01A Holz Disc Golf Course was opened on March 1 by Mountain Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business 3 Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $10,200, shed $1,800, and equipment $1,000. (Make one compound entry.) 5 Paid advertising expenses of $600. 6 Pald cash $640 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 $1,300 in cash for golf fees (Holz records golf fees as service revenue). 19 Sold 200 coupon books for $10 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 $400. 30 Paid Stevenson Company in full. 31 Received $2,100 cash for golf fees