Funland Miniature Golf and Water Slide charges $4.50 for adults and
$2.75 for children to go miniature golfing. On Saturday 156 adults and
239 children went golfing. This was a considerable increase to the
income account and to their assets. During the day seventeen golf balls
were lost. It cost Funland $.75 to replace each ball. On Monday,
Funland paid Green's Golf Suppliers for the 17 golf balls at $.75 each
and for 24 new golf putters that were ordered for $48.67 each. Paying
their total bill decreased cash assets and increased expenses. The
construction of a new water slide by Jeron's Construction Company for
$169,738.26 on credit made everyone eager to go water sliding. Acquir-
ing this new slide increased Funland's assets and liabilities.