Your answer is partially correct.Try again.Adventure Miniature Golf and Driving Range Inc. opened on May 1. The following selected events and transactions occurred during May:

May

1

Issued common shares for $118,000cash.

4

Purchased Henry's Golf Land for $276,000. The price consists of land $129,000; buildings $105,000; and equipment $42,000. Paid cash of $63,000and signed a mortgage payable for the balance.

4

Paid $1,380for a one-year insurance policy; coverage begins next month.

5

Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $800.

6

Purchased golf clubs and other equipment for $9,400on account from Titleist Corporation.

18

Received $9,100from customers for golf fees earned.

20

Declared and paid $300 of dividends to shareholders.

22

Received $1,100from a school board that paid for students' golf lessons that will be given in June.

29

Paid Titleist in full for equipment purchased on May 6.

30

Paid $852of interest on the mortgage payable.

30

Paid salaries of $3,600.