Pharoah's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $69,500 cash in the business in exchange for common stock of the corporation. Purchased Snead's Golf Land for $42,700 cash. The price consists of land $24,000, building $8,580, and equipment $10,120. (Record this in a single entry.) Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,630 cash. Paid cash $4,950 for a 1-year-insurance policy. Purchased golf clubs and other equipment for $5,650 from Tahoe Company, payable in 30 days. Received golf fees of $1,850 in cash from customers for golf services performed. Sold 120 coupon books for $15 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) Paid a $410 cash dividend. Paid salaries of $740. Paid Tahoe Company in full for equipment purchased on March 10. Received $880 in cash from customers for golf services performed. 3 5 6 10 18 19 25 30 30 31

Pharoah's Miniature Golf and Driving Range inc. was opened on March 1 by Bob Dean. These selected events and transactions occurred during March. Mar. 1 Stockholders invested $69.500 cash in the business in exchange for common stock of the corporation. 3 Furchased Snead's Golf Land for $42,700 cash. The price consists of land $24,000, building $8,580, and equipment $10,120. (Record this in a single entry) 5. Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,630 cash. 6 Paid cash\$4,950 for a 1-year insurance policy. 10 Purchased golf clubs and other equipment for $5.650 from Tahoe Company, payable in 30 days. 18 Received golf fees of $1.850 in cash from customers for golf services performed. 19 Sold 120 coupon books for $15 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupens) 25 Paid a \$410 cash dividend. 30 Paid salaries of $740. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received $880 in cash from customers for golf services performed