Exercise The Leonardo Golf Course was opened on March 1 by Evan Leonardo. The following selected events and transactions occurred during March. How they are reflected in the accounting equation? 1) Mar. 1 Invested $20,000 cash in the business. 2) 3 Purchased Golf Land for $15,000 cash. 3) 5 Paid advertising expenses of $700. 4) 5) 10 Purchased golf dices and other equipment for $3,500 from Taylor Company. Paying $1000 in cash with the balance on account. 18 Received $5000 in cash for golf fees. 21 Withdrew $800 cash for personal use. 6) 7) 25 8) 31 Paid Taylor Company in full. Received $3000 cash for golf fees.