what is the international account on eText x WileyPLUS en. wileyplus.com/edugen/
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what is the international account on eText x WileyPLUS en. wileyplus.com/edugen/student/mainfr.uni Kieso, Intermediate Accounting, 16e ercise 3-17 weet Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The ollowing selected events and transactions occurred during March Mar. 1 Invested $53,200 cash in the business in exchange for common stock 3 Purchased Michelle Wie's Golf Land for $37,350 cash. The price consists of land $10,530, building $20,670, and equipment $6,150. (Make one compound entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,705 6 Paid cash $1,611 for a one-year insurance policy. 10 Purchased golf equipment for $2,580 from Singh Company, payable in 30 days. 18 Received golf fees of $1,293 in cash. 25 Declared and paid a $550 cash dividend. 30 Paid wages of $852. 30 Paid Singh Company in full. 31 Received $772 of fees in cash. Equipment, Accounts Payable, Common Stock, Dividends, Service Revenue, Advertising Expense, and Selaries and account titles are automatically indented when amount is entered. Do not indent manualy. z ournalize the March transactions. (Use Service Revenue account to record fees.) (Credit account titles are automatically equired, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the probiem) Mar. 3Explanation / Answer
Journal Entries :-
Date Particulars Debit($) Credit($) Mar. 1 Cash A/c Dr. 53200 To Common Stock A/c 53200 Mar. 3 Land A/c Dr. 10530 Building A/c Dr. 20670 Equipment A/c Dr. 6150 To Cash A/c 37350 Mar. 5 Advertising Expense A/c Dr. 1705 To Cash 1705 Mar. 6 Prepaid Insurance A/c Dr. 1611 To Cash A/c 1611 Mar.10 Equipment A/c Dr. 2580 To Accounts Payable A/c 2580 Mar. 18 Cash A/c Dr. 1293 To Service Revenue A/c 1293 Mar. 25 Dividends A/c Dr. 550 To Cash A/c 550 Mar 30 Salaries and Wages Expense 852 To Cash A/c 852 Mar 30 Accounts Payable A/c Dr. 2580 To Cash A/c 2580 Mar. 31 Cash A/c Dr. 772 To Service Revenue A/c 772Related Questions
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