Holz Disc Golf Course was opened on March 1 by Vista Holz. The following selected events and transactions occurred during March Invested $21,000 cash in the business. Purchased Rainbow Golf Land for $14,000 cash. The price consists of land $10,700, shed $2,200, and equipment $1,100. (Make one compound entry) Mar. 1 3 5 6 10 18 19 25 30 Paid advertising expenses of $800. Paid cash $740 for a one-year insurance policy. Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. Received $1,200 in cash for golf fees (Holz records golf fees as service revenue). Sold 200 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. Withdrew $800 cash for personal use. Paid salaries of $200.

Holz Disc Golf Course was opened on March 1 by Vista Holz. The following selected events and transactions occurred during March Invested $21,000 cash in the business. Purchased Rainbow Golf Land for $14,000 cash. The price consists of land $10,700, shed $2,200, and equipment $1,100. (Make one compound entry) Mar. 1 3 5 6 10 18 19 25 30 Paid advertising expenses of $800. Paid cash $740 for a one-year insurance policy. Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. Received $1,200 in cash for golf fees (Holz records golf fees as service revenue). Sold 200 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. Withdrew $800 cash for personal use. Paid salaries of $200.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 2EB: Johnson, Incorporated had the following transactions during the year: Purchased a building for...

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Holz Disc Golf Course was opened on March 1 by Mountain Holz. The following selected events and transactions occurred during March. Mar. 1 3 5 6 10 18 19 25 30 30 31 Invested $22,000 cash in the business. Purchased Rainbow Golf Land for $14,000 cash. The price consists of land $10,700, shed $2,100, and equipment $1,200. (Make one compound entry.) Paid advertising expenses of $600. Paid cash $750 for a one-year insurance policy. Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. Received $1,200 in cash for golf fees (Holz records golf fees as service revenue). Sold 200 coupon books for $10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. Withdrew $900 cash for personal use. Paid salaries of $200. Paid Stevenson Company in full. Received $1,800 cash for golf fees. Journalize the March transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount…
Prepare Journal Entries. Please answer in good form.
Make a journal entry for the business
REQUIREMENT: JOURNAL ENTRIES
Hoiz Disc GOif Course was opened on March 1 by Vista Holz. The following selected events and transactions occurred during March. 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.) 5. Paid advertising expenses of $800. 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 fees as service revenue). Sold 100 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golt. 19 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 when amount is…