Question

Surepar Disc Golf Course was opened on March 1 by Bill Arnsdorf. The following selected events and transactions occurred during March:

Invested $ 60,000 cash in the business in exchange for common stock.

Purchased Lee's Golf Land for $38,000 cash. The price consists of land $23,000, shed $9,000, and equipment $6,000. (Make one compound energy.)

Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,600.

Paid cash $ 2,400 for a one-year insurance policy.

Purchased golf discs and other equipment for $1,050 from Parton Company payable in 30 days.

Received $340 in cash for golf fees earned.

Sold 100 coupon books for $18 each. Each book contains 4 coupons that enable the holder to play one round of disc golf.

Declared and paid an $800 cash dividend.

Paid salaries of $250.

Paid Parton Company in full.

Received $200 cash for fees earned.

Answer 1

Answer:

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