Question. 3 Concord Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transactions occurred during March. Mar. 1 Invested $48,000 cash in the business. Mar.3 Purchased Michelle Wie's Golf Land for $38,510 cash. The price consists of land $10,520, building $21,530, and equipment $6,460. (Make one compound entry.) Mar.5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,669. Mar. 10 Purchased golf equipment for $2,350 from Singh Company, payable in 30 days. Mar.18 Received golf fees of $1,216 in cash, Mar.30 Paid wages of $904. Mar.30 Paid Singh Company in full. Mar. 31 Received S694 of fees in cash. Instructions ( 1. Journalize the March's transactions. 2. Post to Ledger Accounts 3. Prepare Trial Balance

Question. 3 Concord Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transactions occurred during March. Mar. 1 Invested $48,000 cash in the business. Mar.3 Purchased Michelle Wie's Golf Land for $38,510 cash. The price consists of land $10,520, building $21,530, and equipment $6,460. (Make one compound entry.) Mar.5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,669. Mar. 10 Purchased golf equipment for $2,350 from Singh Company, payable in 30 days. Mar.18 Received golf fees of $1,216 in cash, Mar.30 Paid wages of $904. Mar.30 Paid Singh Company in full. Mar. 31 Received S694 of fees in cash. Instructions ( 1. Journalize the March's transactions. 2. Post to Ledger Accounts 3. Prepare Trial Balance

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 29BE: Brief Exercise 2-2? Events and Transactions Several events are listed below. Paid $30,000 for land....

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