Question: McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected events and transactions occurred during March. Mar. 1 Invested $20,590cash
McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected events and transactions occurred during March.
| Mar. 1 | Invested $20,590cash in the business. |
| 3 | Purchased Sables Golf Land for $14,100cash. The price consists of land $11,280, shed $1,810, and equipment $1,010. (Make one compound entry.) |
| 5 | Paid advertising expense of $780. |
| 6 | Paid cash $690 for a one-year insurance policy. |
| 10 | Purchased golf discs and other equipment for $1,190 from Taylor Company payable in 30 days. |
| 18 | Received $1,050in cash for golf fees. (McKay records golf fees as service revenue). |
| 19 | Sold110coupon books for $15each. Each book contains 4 coupons that enable the holder to play one round of disc golf. |
| 25 | Withdrew $880cash for personal use. |
| 30 | Paid salaries of $230. |
| 30 | Paid Taylor Company in full. |
| 31 | Received $2,090cash for golf fees. |
Journalize the March transactions.(Record entries in the order displayed in the problem statement. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Date | Account Titles and Explanation | Debit | Credit |
| Mar. 1 | |||
| 3 | |||
| 5 | |||
| 6 | |||
| 10 | |||
| 18 | |||
| 19 | |||
| 25 | |||
| 30 | |||
| (Paid salaries) | |||
| 30 | |||
| (Paid creditor on account) | |||
| 31 | |||
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| SHOW LIST OF ACCOUNTS |
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