Reference no: EM132051072

Question - McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected events and transactions occurred during March.

Mar. 1 Invested $20,590 cash in the business.

Mar. 3 Purchased Sable's Golf Land for $14,100 cash. The price consists of land $11,280, shed $1,810, and equipment $1,010. (Make one compound entry.)

Mar. 5 Paid advertising expense of $780 .

Mar. 6 Paid cash $690 for a one-year insurance policy.

Mar. 10 Purchased golf discs and other equipment for $1,190 from Taylor Company payable in 30 days.

Mar. 18 Received $1,050 in cash for golf fees. (McKay records golf fees as service revenue).

Mar. 19 Sold 110 coupon books for $15 each. Each book contains 4 coupons that enable the holder to play one round of disc golf.

Mar. 25 Withdrew $880 cash for personal use.

Mar. 30 Paid salaries of $230.

Mar. 30 Paid Taylor Company in full.

Mar. 31 Received $2,090 cash for golf fees.

Journalize the March transactions.