Question: Holz Disc Golf Course was opened on March 1 by Colada Holz. The following selected events and transactions occurred during March Mar. 1 3 5
Holz Disc Golf Course was opened on March 1 by Colada Holz. The following selected events and transactions occurred during March Mar. 1 3 5 6 10 Invested $23,000 cash in the business. Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $11,300,shed $2,200, and equipment $1,500. (Make one compound entry) Paid advertising expenses of $600. Paid cash $710 for a one-year insurance policy. Purchased golf discs and other equipment for $1.000 from Stevenson Company payable in 30 days. Received $1,100 in cash for golf fees (Holz records golf fees as service revenue). Sold coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golt Withdrew $900 cash for personal use. Paid salaries of $200 Paid Stevenson Company in full Received $2,100 cash for golf fees. 18 19 25 30 30 31
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