Invested $22.000 cash in the business. Mar. 1 Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $9,500, shed $2,300, and equipment $1.200. (Make one compound entry) 3. Paid advertising expenses of $800. 6. Paid cash $690 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. 18 Received $1,300 in cash for golf fees (Holz records golf tees as service revenue). 19 Sold 100 coupon books for $20 cach. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $700 cash for personal use. 30 Paid salaries of $200. 30 Paid Stevenson Company in full. 31 Received $2.200 cash for golf fees. Journalize the March transactions. (List all debit entries before credit entries, Credit account titles are automatically indented
Invested $22.000 cash in the business. Mar. 1 Purchased Rainbow Golf Land for $13,000 cash. The price consists of land $9,500, shed $2,300, and equipment $1.200. (Make one compound entry) 3. Paid advertising expenses of $800. 6. Paid cash $690 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. 18 Received $1,300 in cash for golf fees (Holz records golf tees as service revenue). 19 Sold 100 coupon books for $20 cach. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $700 cash for personal use. 30 Paid salaries of $200. 30 Paid Stevenson Company in full. 31 Received $2.200 cash for golf fees. Journalize the March transactions. (List all debit entries before credit entries, Credit account titles are automatically indented
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 4PA: On March 1 of this year, B. Gervais established Gervais Catering Service. The account headings are...
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