Instructions

2- Post to the ledger accounts.

3- Prepare a trial balance on April 30, 2017.

4- Prepare the income statement, statement of retained earnings, and the statement of

financial position as on April, 30,2017.

Surepar Disc Golf Course was opened on March 1 by Bill Arnsdorf. The following selected events and transactions occurred during March: Mar. 1 - Invested 60,000 cash in the business in exchange for ordinary shares. 3 - Purchased Lee's Golf Land for 38,000 cash. The price consists of land 23,000, shed 9,000, and equipment 6,000. (Make one compound entry.) 5 - Advertised the opening of the driving range and miniature golf course, paying advertising expenses of 1,300. 6 - Paid cash 3,000 for a one-year insurance policy. 10 - Purchased golf discs and other equipment for 1,050 from Parton Company payable in 30 days. 18 - Received 440 in cash for golf fees recognized. 19 - Sold 100 coupon books for 18 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 - Declared and paid an 800 cash dividend. 30 - Paid salaries of 250. 30 - Paid Parton Company in full. 31 - Received 200 cash for fees recognized. Surepar uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Share Capital Ordinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions