Question

please fill in all blanks

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 $55,000 cash in the business in exchange for common stock of the corporation 3 Purchased Snead's Golf Land for $40,400 cash. The price consists of land $22,400, building $9,170, and equipment $8,830. (Record this in a single entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,210 cash. 6 Paid cash $4,050 for a 1-year Insurance policy. 10 Purchased golf clubs and other equipment for $4,700 from Tahoe Company payable in 30 days. 18 Received golf fees of $1,750 in cash from customers for golf services performed 19 Sold 115 coupon books for $30 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to Ne one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) 25 Pald a $680 cash dividend. 30 Paid salaries of $780. 30 Paid Tahoe Company in full for equipment purchased on March 10, 31 Received $960 in cash from customers for golf services performed.

Answer 1

Credit($) Debit($) 50000 50000 22400 9170 8830 40400 1210 Answer: Date Account Titles and Explanation Mar-01 cash Common Stock [To record the issue of common stock] Mar-03 Land Building Equipment Cash [To record the purchase of assets] Mar-05 Advertising Expense Cash [To record the Advertising Expense] Mar-06 Prepaid Insurance Cash [To record insurance paid] Mar-10 Equipment Accounts payable [To record the purchase of Equipment] Mar-18 Cash Service Revenue [To record revenue] Mar-19 Cash Unearned revenue [To record the Revenue] 4050 4700 17501

Mar-25 Dividends Cash [To record the Dividend paid] Mar-30 salaries Expense Cash [To record the Salaries Paid] Mar-30 Accounts payable Cash 960 [To record the payment for equipment purchased] Mar-31 Cash Service Revenue [To record revenue] 960