CALCULATOR FULL SCREEN PRUNTER VERSION BACK em 3-04A eld's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Stockholders invested $61,500 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $46,800 cash. The price consists of land $22,300, building $8,230, and equipment $16,270. (Record this in a single entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,430 cash. 6 Paid cash $4,300 for a 1-year insurance policy. 0 Purchased golf clubs and other equipment for $5,450 from Tahoe Company, payable in 30 days. 18 Received golf fees of $3,000 in cash from customers for golf services performed. 19 Sold 125 coupon books for $20 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) 25 Paid a $610 cash dividend. Paid salaries of $900. 30 Paid Tahoe Company in full for equipment purchased on March 10. Received $980 in cash from customers for golf services performed. 30 31 Date Account Titles and Explanation Debit Credit Mar. 17 > of John Wilson