American Golf Corporation operates golf courses throughout the country. For each of the following items, enter the
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Transactions
____ 1. Purchased a golf course in Orange County, California.
____ 2. Paid a landscaping company to clear 100 acres of land on which to build a new course.
____ 3. Paid a landscaping company to apply fertilizer to the fairways on its Coyote Hills Golf Course.
____ 4. Hired a building maintenance company to build a 2,000- square- foot addition on a clubhouse.
____ 5. Hired a building maintenance company to replace the locks on a clubhouse and equipment shed.
____ 6. Paid an advertising company to create a campaign to build goodwill.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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