Vaughn Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transactions occurred during March. Mar. 1 Invested $53,300 cash in the business in exchange for common stock 3 5 6 10 Purchased Michelle Wie's Golf Land for $35,550 cash. The price consists of land $9,560, building $20,050, and equipment $5,940. (Make one compound entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,652 Paid cash $1,475 for a one-year insurance policy. Purchased golf equipment for $2,630 from Singh Company, payable in 30 days. Received golf fees of $1,308 in cash. Declared and paid a $510 cash dividend. Paid wages of $920 Paid Singh Company in full. Received $730 of fees in cash. 18 25 30 30 31 Vaughn uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Common Stock Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Journalize the March transactions. (Use Service Revenue account to record fees.) (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit Debit