View Policies Current Attempt in Progress Crane engaged in the following activities in establishing his photography studio, Carla Vista: 1. 2 3. Opened a bank account in the name of Carla Vista and deposited $5,700 of his own money into investment. Purchased photography supplies at a total cost of $1,400. The business paid $620 in cash and th Obtained estimates on the cost of photography equipment from three different manufacturers. Prepare the journal entries to record the transactions. (List all debit entries before credit entries. Credit acco indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accou amounts.) No. Account Titles and Explanation 1. Debit Holz Disc Golf Course was opened on March 1 by Winds Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $23,000 cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $11,200, shed $2,300, and equipment $1,500. (Make one compound entry.) 5 Paid advertising expenses of $800. 6 Paid cash $750 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. 18 Received $1,000 in cash for golf fees (Holz records golf fees as service revenue). 19 Sold 100 coupon books for $10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $700 cash for personal use. 30 Paid salaries of $200. 30 Paid Stevenson Company in full. -/1 = !!! Journalize the March transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit (Paid salaries) (Paid creditor on account)