1. Tre Williams opened Williams Miniature Golf and Driving Range Inc. on March 1. The following selected events and transactions occurred during March. Mar. 1 Invested $62,500 cash in the business in exchange for common stock. Mar. 3 Purchased Moises Moreno's Golf Land for $47,500 cash. The price consists of land $12,500; building $27,500; and equipment $7,500. (Make one compound entry.) Mar. 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,000. Mar. 6 Paid cash $1,850 for a one-year insurance policy. Mar. 10 Purchased golf equipment for $3,125 from Moore Company, payable in 30 days. Mar. 18 Received golf fees of $1,500 in cash. Mar. 25 Declared and paid a $625 cash dividend. Mar. 30 Paid wages of $1,125. Mar. 30 Paid Moore Company in full. Mar. 31 Received $950 of fees in cash. Williams uses the following accounts: Cash; Equipment; Service Revenue; Prepaid Insurance; Accounts Payable; Advertising Expense; Land; Common Stock; Salaries and Wages Expense; Buildings; Dividends Instructions: Journalize the March transactions.