Kieso E3-17 - EXERCISE 3-17 Mar. 1 Cash. . Common Stock....

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EXERCISE 3-17 Mar. 1 Cash. ............................................................................... ......................................................................................... 60,000 Common Stock. ................................................... 60,000 (Investment of cash in business) 3 Land. ............................................................................... 10,000 Building. ......................................................................... 22,000 Equipment. ..................................................................... 6,000 Cash. ..................................................................... 38,000 (Purchased Michelle Wie’s Golf Land) 5 Advertising Expense. .................................................... 1,600 Cash. ..................................................................... 1,600 (Paid for advertising) 6 Prepaid Insurance. ........................................................ 1,480 Cash. ..................................................................... 1,480
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