hyzer disc golf course was opened on march 1 by 242003

Hyzer Disc Golf Course was opened on March 1 by Barry Schultz. The following selected events and transactions occurred during March:

Mar. 1 Invested $20,000 cash in the business.

3 Purchased Heeren’s 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 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $700.

6 Paid cash $600 for a one-year insurance policy.

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

18 Received $340 in cash for golf fees earned.

19 Sold 100 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 Innova Company in full.

31 Received $200 cash for fees earned.

Barry Schultz uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Revenue, B. Schultz, Capital; B. Schultz, Drawing; Golf Revenue, Advertising Expense, and Salaries Expense. Instructions

Journalize the March transactions.

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