I need to know if the following questions are debit or credit: May 1 In

I need to know if the following questions are debit or credit:

May 1

Invested $20000 cash in the golf course business.

May 3

Purchased Hampstead Golf Land for $15000 cash. The price includes land $12000 shed $2000 and equipment $1000.

May 5

Paid advertising expenses of $700

May 6

Paid cash $600 for a one-year insurance policy.

May 10

Purchased golf discs and other equipment for $1050 from Discs Are Us payable in 30 days.

May 18

Received $1100 in cash for golf fees earned (service revenue).

May 19

Sold 150 coupon books for $10 each. Each book contains four coupons that enable the holder to play one round of disc
golf.

May 25

Withdrew $800 cash for personal use.

May 30

Pay $250 as salaries for part-time employees.

Thank you

Leave a Reply

Your email address will not be published. Required fields are marked *