Holz Disc Golf Course was opened on March 1 by Ian 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 $15,000 cash. The price consists of land $12,000, shed $2,000, and equipment $1,000. |
| 5 | Paid advertising expenses of $900. |
| 6 | Paid cash $600 for a one-year insurance policy. |
| 10 | Purchased golf discs and other equipment for $1,050 from Stevenson Company payable in 30 days. |
| 18 | Received $1,100 in cash for golf fees (Holz records golf fees as service revenue). |
| 19 | Sold 150 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 Stevenson Company in full. |
| 31 | Received $2,700 cash for golf fees. |
Holz Disc Golf uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Owner's Capital, Owner's Drawings, Service Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
Journalize the March transactions
Minhajur Rahaman
