The Surepar Miniature Golf and Driving Range Inc. was opened on March 1 by Jim McInnes. The following selected events and transactions occurred during March:

Mar. 1 Invested \(\$ 50,000\) cash in the business in exchange for common stock.

3 Purchased Lee's Golf Land for \(\$ 38,000\) cash. The price consists of land, \(\$ 23,000\), building, \(\$ 9,000\), and equipment, \(\$ 6,000\). (Make one compound entry.)

5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of \(\$ 1,600\).

6 Paid cash \(\$ 1,480\) for a one-year insurance policy.
>10 Purchased golf clubs and other equipment for \(\$ 1,600\) from Palmer Company payable in 30 days.
18 Received golf fees of \(\$ 800\) in cash.
19 Sold 100 coupon books for \(\$ 15.00\) each. Each book contains 10 coupons that enable the holder to one round of miniature golf or to hit one bucket of golf balls.
25 Declared and paid a \(\$ 500\) cash dividend.
30 Paid salaries of \(\$ 600\). Debit salcme Expense velt 30 Paid Palmer Company in full.
31 Received \(\$ 500\) of fees in cash. De\% . .
nnes uses the following accounts: Cash; Prepaid Insurance; Land; Buildings; Equipment; Accounts Payable; Unearned Golf Fees; Common Stock; Dividends; Golf Fees Earned; Advertising Expense; and Salaries Expense.
\section*{Instructions}
Journalize the March transactions.