Journe trans 502 A COD Sprente PROBLEMS: SET A Fasa F25A Ezpar Miniature Golf and Driving Range was opened on March 1 by Arnold Nicholas 1 X The following selected events and transactions occurred during March: Mar. Invested $50,000 cash in the business. Purchased Tee's Golf Land for $38,000 cash. The price consists of land $23,000, build- ing $9,000, and equipment $6.000. (Make one compound entry) 5 Advertised the opening of the driving range and miniature golf course, aying adver- tising expeuses of $1.600. -prepaid mining 3 Paid cash $1,480 for a one-vesi insurance policy. 10 Purchased golf clubs ana other equipment for $2,600 from Woods Campany payable in 30 days. 18 Received S&M) . cash for gult lees earned V Sold 100 coupon Looks for $15 cach. Each book contains 10 coupons that enable the holder to play one round of ininiature golf or to hit one bucket of golf balls. 25 Withdrew $2.000 cash for personal use. 30 Paid salaries of 600 30 Paid Wodal Company in full, 31 Reocived 5500 cash for fees earned Arola Nicholas uses the following accounts: Cash; Prepaid Insurance; Land; buildings; Equipmsat; Accounts Payable; Unearned Revenue, Arnold Nicholas, Capital; Arnold Nicholas, Drawing: Golf Revenue; Advertising Expense, and Salaries Expense