Question

CALCULATOR FULL SCREEN PRINTER VERSTON BACK Problem 3-4A 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 $67,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Snead's Golf Land for $39,300 cash. The price consists of land $24,000, building $9,270, and equipment $6,030. (Record this in a single entry 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $2,990 cash. 6 Paid cash $4,350 for a 1-year insurance policy 10 Purchased golf dubs and other equipment for $5,600 from Tahoe Company, payable in 30 days. 18 Received golf fees of $1,100 in cash from customers for golf services performed 19 Sold 145 coupon books for $25 each in cash. Each book contains 10 coupons that enable the holder to play one round of miniature golf or to hit one bucket 25 30 of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) Paid a $490 cash dividend. Paid salaries of $900. 30 Paid Tahoe Company in full for equipment purchased on March 10. 31 Received $960 in cash from customers for golf services performed ournalize the order presented in the problem.) March transactions. Bradley's records golf fees as service revenue. (If no entry is required, select "No Entry" for the account titles and enter ints, Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the Date Account Titles and Explanation Debit Creda 曲 35 PM V16/2019

Answer 1

Mar 1: cash(db)67000
common stock(cR)67000
Mar 3:
land(db)24000
Equipment(db)6030
building(db)9270
cash(cr)39300
Mar 5: advertising expense(db)2990
cash(cR)2990
Mar 6: prepaid insurance(db)4350
cash(cr)4350
Mar 10: equipment(db)5600
account payable(Cr)5600
Mar18: cash(db)1100
service revenue(cr)1100
Mar 19: cash(db)145*25=3625
unearned revenue(cr)3625
Mar 25: dividend(db)490
cash(cR)490
Mar 30: salarie expense(db)900
cash(cr)900
Mar 30: account payable(cr)5600
cash(cr)5600
Mar 31: cash(db)960
service revenue(cr)960