Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Apr 2018 My Price 8.00

Holz Disc Golf Course

Problem 2-1A Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transactions occurred during March. Mar. 1 Invested $23,000 cash in the business 3 Purchased Rainbow Golf Land for $16,000 cash. The price consists of land $12,500, shed $2,100, and equipment $1,400. (Make one compound entry.) 5 Paid advertising expense of $800 6 Paid cash $520 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1,100 from Stevenson Company payable in 30 days. 18 Received $1,300 in cash for golf fees. (Holz records golf fees as service revenue). 19 sold 200 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $800 cash for personal use. 30 Paid salaries of $400. 30 Paid Stevenson Company in full. 31 Received $2,100 cash for golf fees. Journalize the March transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry for the account titles and enter o for the amounts) Date Account Titles and Explanation Debit Credit

Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transactions occurred during March. Mar.1 Invested $23,000 cash in the business. 3 Purchased Rainbow Golf Land for $16,000 cash. The price consists of land $12, 500, shed $2, 100, and equipment $1, 400. (Make one compound entry.) 5 Paid advertising expense of $800. 6 Paid cash $520 for a one-year insurance policy. 10 Purchased golf discs and other equipment for $1, 100 from Stevenson Company payable in 30 days. 18 Received $1, 300 in cash for golf fees. (Holz records golf fees as service revenue).19 Sold 200 coupon books for $20 each. Each book contains 4 coupons that enable the holder to play one round of disc golf. 25 Withdrew $800 cash for personal use. 30 Paid salaries of $400. Paid Stevenson Company in full.31 Received $2, 100 cash for golf fees. Journalize the March transactions. (Credit account titles are automatically Indented when amount Is entered. Do not Indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Apr 2018 06:04 PM My Price 8.00

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