Business
Business, 20.09.2019 17:30, mccdp55

Bradley's miniature golf and driving range inc. was opened on march 1 by bob dean. these selected events and transactions occurred during march. mar. 1 stockholders invested $59,000 cash in the business in exchange for common stock of the corporation3 purchased snead's golf land for $41,200 cash. the price consists of land $22,900, building $8,310, and equipment $9,990. (record this in a single entry.)5 advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,560 cash6 paid cash $3,500 for a 1-year insurance policy.10 purchased golf clubs and other equipment for $4,800 from tahoe company, payable in 30 days18 received golf fees of $1,550 in cash from customers for golf services performed19 sold 105 coupon books for $10 each in cash. each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (hint: the revenue should not be recognized until the customers use the coupons.)25 paid a $420 cash dividend. 30 paid salaries of $810.30 paid tahoe company in full for equipment purchased on march 10.31 received $800 in cash from customers for golf services performedjournalize the march transactions. bradley's records golf fees as service revenue. (record journal entries in the order presented in the problem.)

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