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...


Question. 3 Concord Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and<br>transactions occurred during March.<br>Mar. 1 Invested $48,000 cash in the business.<br>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<br>one compound entry.)<br>Mar.5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,669.<br>Mar.10 Purchased golf equipment for $2,350 from Singh Company, payable in 30 days.<br>Mar.18 Received golf fees of $1,216 in cash,<br>Mar.30 Paid wages of $904.<br>Mar.30 Paid Singh Company in full.<br>Mar. 31 Received $694 of fees in cash.<br>Instructions (<br>1. Journalize the March's transactions.<br>2. Post to Ledger Accounts<br>3. Prepare Trial Balance<br>

Extracted text: 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 $694 of fees in cash. Instructions ( 1. Journalize the March's transactions. 2. Post to Ledger Accounts 3. Prepare Trial Balance

Jun 09, 2022
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