Problem 2-1A McKay Disc Golf Course was opened on March 1 by Evan McKa (1).docx

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Problem 2-1A McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected events and transactions occurred during March. Solution Hi, Please find the detailed answer as follows: 1 Cash Dr. 20,000 Owner\'s Capital Cr. $20,000 3 Land Dr. 12,000 Buildings Dr. $2,000 Equipment Dr. $1,000 Cash Cr. $15,000 5 Advertising Expense Dr. $700 Cash Cr. $700 6 Prepaid Insurance Dr. $600 Cash Cr. $600 10 Equipment Dr. $1,050 Accounts Payable Cr. $1,050 18 Cash Dr. $340 Golf Revenue Cr. $340 19 Cash Dr. $1,000 Unearned Revenue Cr. $1,000 25 Owner\'s Drawings Dr. $800 Cash Cr. $800 30 Salaries Expense Dr. $250 Cash Cr. $250 30 Accounts Payable Dr. $1,050 Cash Cr. $1,050 31 Cash Dr. $2100 Golf Revenue Cr. $2100 Thanks. .

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Problem 2-1A
McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected
events and transactions occurred during March.
Mar. 1 Invested $20,000 cash in the business.
3 Purchased Sable
Solution
Hi,
Please find the detailed answer as follows:
1
Cash Dr. 20,000
Owner's Capital Cr. $20,000
3
Land Dr. 12,000
Buildings Dr. $2,000
Equipment Dr. $1,000
Cash Cr. $15,000
5
Advertising Expense Dr. $700
Cash Cr. $700
6
Prepaid Insurance Dr. $600
Cash Cr. $600

10
Equipment Dr. $1,050
Accounts Payable Cr. $1,050
18
Cash Dr. $340
Golf Revenue Cr. $340
19
Cash Dr. $1,000
Unearned Revenue Cr. $1,000
25
Owner's Drawings Dr. $800
Cash Cr. $800
30
Salaries Expense Dr. $250
Cash Cr. $250
30
Accounts Payable Dr. $1,050
Cash Cr. $1,050
31
Cash Dr. $2100
Golf Revenue Cr. $2100
Thanks.

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Problem 2-1A McKay Disc Golf Course was opened on March 1 by Evan McKa (1).docx

1. Problem 2-1A McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Sable Solution Hi, Please find the detailed answer as follows: 1 Cash Dr. 20,000 Owner's Capital Cr. $20,000 3 Land Dr. 12,000 Buildings Dr. $2,000 Equipment Dr. $1,000 Cash Cr. $15,000 5 Advertising Expense Dr. $700 Cash Cr. $700 6 Prepaid Insurance Dr. $600 Cash Cr. $600

2. 10 Equipment Dr. $1,050 Accounts Payable Cr. $1,050 18 Cash Dr. $340 Golf Revenue Cr. $340 19 Cash Dr. $1,000 Unearned Revenue Cr. $1,000 25 Owner's Drawings Dr. $800 Cash Cr. $800 30 Salaries Expense Dr. $250 Cash Cr. $250 30 Accounts Payable Dr. $1,050 Cash Cr. $1,050 31 Cash Dr. $2100 Golf Revenue Cr. $2100 Thanks.

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