Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. metlock miniature golf and driving range inc. was

Metlock Miniature Golf and Driving Range Inc. was opened on March 1 by Rick Fowler....

60.1K

Verified Solution

Question

Accounting

image
image
image
Metlock Miniature Golf and Driving Range Inc. was opened on March 1 by Rick Fowler. The following selected events and transactions occurred during March. Mar, Invested $53,500 cash in the business in exchange for common stock. 1 3 Purchased Michelle Wie's Golf Land for $37,140 cash. The price consists of land $10,880, building $20,700, and equipment $5,560. (Make one compound entry) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,548, 6 Paid cash $1,411 for a one-year insurance policy. 10 Purchased golf equipment for $2.630 from Singh Company, payable in 30 days. 18 Received golf fees of $1.263 in cash. 25 Declared and paid a $480 cash dividend. 30 Paid wages of $891. 30 Paid Singh Company in full. 31 Received $779 of fees in cash. Metlock uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment. Accounts Payable, Common Stock, Dividends, Service Revenue. Advertising Expense, and Salaries and Wages Expense. Date Account Titles and Explanation Debit Credit (Paid wages expense) (Paid creditor on account)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

TAT 1800 Business Statistics Homework Assignm Sample Upd uestion list

Statistics
Q

Determine which of the statements below are universal and which are existential quantifications A student...

Basic Math
Q

Forced convection A thin plate is suspended in air at 1 atm. with T? = 15°C....

Mechanical Engineering
Q

western civilization- explain in 50 to 75 words the most important reason why Germany OR Italy...

Economics
Q

An equi biconvex lens of focal length 10 cm is silvered as 3 shown in...

Physics
Q

4 The figure below shows a rhombus with noncongruent diagonals Which transformation would not carry...

Geometry
Q

Joseph accepted a new job at a company with a contract guaranteeing annual raises. Joseph...

Basic Math
Q

A high school baseball player has a 0 232 batting average In one game he...

Statistics
Q

Use the definition of Taylor series to find the Taylor series centered at c for...

Calculus
Q

Consider the graph of the function f x loga 4 2 1 A B C...

Algebra
Q

Las ventas presupuestadas de la empresa ABC para junio, julio y agosto son 14 800,...

Accounting
Q

show process please

Finance