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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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REQUIRED: JOURNAL ENTRIES AND TRIAL BALANCE
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