Feng Disc Golf Course was opened on March 1. The following selected events and transactions occurred during March (amounts in thousands).

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Mar. 1 3 Lee Feng invested 20,000 cash in the business in exchange for ordinary shares. Purchased Rainbow Golf Land for 15,000 cash. The price consists of land 12,000, building 2,000, and equipment 1,000. (Make one compound entry.) 5 Paid advertising expenses of 900. 6 Paid cash 600 for a one-year insurance policy. 10 18 19 Purchased golf discs and other equipment for 1,050 from Wang Company payable in 30 days. Received 1,100 in cash for golf fees (Feng records golf fees as service revenue). Sold 150 coupon books for 10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. Declared and paid a 800 cash dividend. 25 30 Paid salaries of 250. 30 Paid Wang Company in full. 31 Received 2,700 cash for golf fees. Feng Disc Golf uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Share Capital-Ordinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Journalize the March transactions.