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Holz Disc Golf Course was opened on March 1 by Brothers Holz. The following selected events and transactions occurred during March. Mar. 1 10 5 18 19 30 3 6 25 30 31 Invested $20,000 cash in the business. Purchased Rainbow Golf Land for $14,000 cash. The price consists of land $10,800, shed $1,800, and equipment $1,400. (Make one compound entry.) Paid advertising expenses of $700. Paid cash $530 for a one-year insurance policy. Purchased golf discs and other equipment for $1,200 from Stevenson Company payable in 30 days. Received $1,000 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 $400. Paid Stevenson Company in full. Received $2,000 cash for golf fees.

Holz Disc Golf Course was opened on March 1 by Brothers Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Rainbow Golf Land for $14,000 cash. The price consists of land $10,800, shed $1,800, and equipment $1,400. (Make one compound entry.) 5 Paid advertising expenses of $700 6 Paid cash $530 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,200 from Stevenson Company payable in 30 days. 18 Received $1,000 in cash for golf fees (Holz records goif fees as service revenue). 19 Sold 200 coupon books for $20 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 $400. 30 Paid Stevenson Company in full. 31 Received $2,000 cash for golf fees. Date Account Tities and Explanation Mar. 1 Mar, 3 Debit Mar. 5 Mar, 6 Mar. 10 Mar. 18 Mar. 19 Mar.25

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