Reference no: EM132707585

Question - Golf place was opened on March 1 by Roua's company. The following selected events and transactions occurred during March.

Mar.

1 - Invested £60,000 cash in the business in exchange for ordinary shares.

3 - Purchased Liad's Golf Land for £38,000cash. The price consists of land £10,000, building £22,000, and equipment£6,000. (Make one compound entry.)

5 - Advertised the opening of the driving range and miniature golf course, paying advertising expenses of £1,600.

6 - Paid cash £1,480 for a 1-year insurance policy.

7 - Purchased golf equipment for£2,500 from Anan's Company, payable in 30 days.

18 - Received golf fees of £1,200 in cash.

25 - Declared and paid a£1,000 cash dividend.

30 - Paid salaries and wages of £900.

30 - Paid Anan's Company in full.

31 - Received £750 of fees in cash.

Required - Journalize March Transactions.