View Policies Current Attempt in Progress Holz Disc Golf Course was opened on March 1 by lan Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 5 Paid advertising expenses of $900. 6 Paid cash $600 for one-year insurance policy. 10 Purchased golf discs and other equipment for $1,050 from Stevenson Company payable in 30 days. 18 Received $1,100 in cash for golf fees (Holz records golf fees as service revenue). 25 Withdrew $800 cash for personal use. 30 Paid salaries of $250. 30 Paid Stevenson Company in full. 31 Received $2,700 cash for golf fees.