Holz Disc Golf Course was opened on March 1 by lan Holz. The following selecte events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf...


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Holz Disc Golf Course was opened on March 1 by lan Holz. The following selecte<br>events and transactions occurred during March.<br>Mar. 1 Invested $20,000 cash in the business.<br>3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land<br>$12,000, shed $2,000, and equipment $1,000. (Make one compound entry.)<br>5 Paid advertising expenses of $900.<br>6 Paid cash $600 for a one-year insurance policy.<br>10 Purchased golf discs and other equipment for $1,050 from Stevenson<br>Company payable in 30 days.<br>18 Received $1,100 in cash for golf fees (Holz records golf fees as service revenue).<br>19 Sold 150 coupon books for $10 each. Each book contains 4 coupons that<br>enable the holder to play one round of disc golf.<br>25 Withdrew $800 cash for personal use.<br>30 Paid salaries of $250.<br>30 Paid Stevenson Company in full.<br>31 Received $2,700 cash for golf fees.<br>

Extracted text: Holz Disc Golf Course was opened on March 1 by lan Holz. The following selecte events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,000, shed $2,000, and equipment $1,000. (Make one compound entry.) 5 Paid advertising expenses of $900. 6 Paid cash $600 for a 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). 19 Sold 150 coupon books for $10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 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.

Jun 09, 2022
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