Client Situation 3 (4 points) Davidson Golf Course was opened on March 1 by Karl Davidson. The following selected events and transactions occurred during March: Invested $55,000 cash in the business in exchange for common stock. Purchased Woods Golf Land for $35,000 cash. The price consists of land $27,000, shed $3,000, and equipment $5,000. (Make one compound entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $900 Paid cash $1,200 for a one-year insurance policy Purchased golf discs and other equipment for $1,400 from Bogey Company payable in 30 days Received $300 in cash for golf fees earned. Sold 100 coupon books for $12 each. Each book contains 4 coupons that enable the holder to play one round of disc golf Declared and paid a $600 cash dividend. Paid salaries of $850 Paid Bogey Company in full Received $600 cash for fees earned. Mar. 1 10 18 19 25 30 30 31 Karl Davidson uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable Unearned Service Revenue, Common Stock, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense Instructions (a) Journaize the March transactions. (b) Prepare a trial balance on March 31