Question

Joumalize a series of transactions (LO 2, 4) P2-1B Surepar Disc Golf Course was opened on March 1 by Bill Amsdorf. 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 Lee's Golf Land for €38,000 cash. The price consists of land €23,000, shed €9,000, and equipment €6,000. (Make one compound entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of €1,300. 6 Paid cash €3,000 for a one-year insurance policy. 10 Purchased golf discs and other equipment for €1,050 from Parton Company payable in 30 days. 18 Received €440 in cash for golf fees recognized. 19 Sold 100 coupon books for €18 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Declared and paid an €800 cash dividend. 30 Paid salaries of €250. 30 Paid Parton Company in full. 31 Received €200 cash for fees recognized. Surepar uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment, Accounts Payable, Unearned Service Revenue, Share Capital Ordinary, Dividends, Service Revenue, Advertising Expense, and Salaries and Wages Expense. Instructions Journalize the March transactions.

Answer 1

Answer Jouwing - Joyunal is also known as Oy Book All the transactions that first incurred in the daily business he recognized I first in the Journal. They que recognized in a chrono ale Lorder. * It_js Systymo li recordent of transacky 9.-- of the business which help to prepare the financial statements, H LOgre Credit ($) Syrepar_Disc Golf Course Journal Entries for march Portilly) grs Debit. ($) Cash Al - Ov60000 - To common Stock Alec CBeing costa invested in byslocsi_in_exchange of amma dan_ _ <hares) 60000 13 23000 9000 6000 Land Ale Building Chel) akce Equipment Ale ...To Gsh_Aks. (Being to record purchie of_149, by |ished)qql_cquipment for (9sh] 36000 5 W 1300 Abertisement Expense Alc. - To Cash A6 I (Being paid for alvorlise ment 1300 of golf coyose) a 9000 3000 6 Prepaid Innvence Ale - To Cash Al Being one year insehgale polly Pachared)

| 1060 Equipment Ale -To_Accounts Paygbole 1e_(pouton (e) Belog equipment parchased on credit) 1050 I cash Al To Service_Revenue AS Being senja revenue received 12 ash! 490 Dr. L 1800 1800 I ash Ale (160 coupon books $18) To Unequinel Semice Revenue_107 | (Being coupon_bookes voll_in_cash) T25 Dividents Ale - To Cash Alp |(Being Lindend declanel_491_p1D) Soo 201 salojes Al __ To Cash_AL |feeing Sqlanespaid_ig_cych joso 130 Alconts Payable Ale (Parton Co.) L - To Gsh Al (Being paid to putona 19_5111 Dr. 200 [ 31 Gsh Al To Service Revenue NE service revenue recognizel_91_received mach2 T10780107890