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Allen Disc Golf Course was opened on March 1. The following selected events and transactions occurred during March (amounts in thousands). Mar. 1 Lee Allen invested 19,500 cash in the business in exchange for ordinary shares. 3 Purchased Rainbow Golf Land for 17,000 cash. The price consists of land 12,000, building 2,800, and equipment 2,200. (Make one compound entry.) 5 Paid advertising expenses of 900. 6 Paid cash 800 for a one-year insurance policy. 10 Purchased golf discs and other equipment for 720 from Wang Company payable in 30 days. 18 Received 900 in cash for golf fees (Allen records golf fees as service revenue). 19 Sold 290 coupon books for 10 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Declared and paid a 650 cash dividend. 30 Paid salaries of 200. 30 Paid Wang Company in full. 31 Received 2,600 cash for golf fees. Journalize the March transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Enter amounts in thousands.) /11 (Paid salaries) (Paid creditor on account) Save for Later Attempts: 0 of 3 used Submit

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