Rolling Hills Golf Course obtains revenue from greens fees and also from a contract with a concessionaire who sells refreshments on the premises. The books are closed at the end of each calendar year; at December 31 the data for adjustments were compiled and a work sheet was prepared. The first four columns of the work sheet contained the account balances and adjustments shown on page i71.

Instructions Using the data on page 171, complete the work sheet by listing the appropriate amounts in the remaining six columns of the work sheet. Follow the format of the work sheet illustrated on page 146. LO8

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Trial Balance Adjustments" Cr Dr Cr Dr Cash 9,100 Unexpired insurance 2,100 Prepaid advertising 1,000 Land 375,000 Equipment. 48,000 Accumulated depreciation: equipment Notes payable Unearned revenue from concessions 8,000 110,000 7,500 (d) 5,000 Howard Catts, capital. 268,000 Howard Catts, drawing 15,000 Revenue from greens fees 174,500 Advertising expense 5,500 (b) 300 Water expense. 10,400 Salaries expense 78,900 (e) 1,100 Repairs and maintenance expense. Miscellaneous expense. Insurance expense. Interest expense. Interest payable Revenue from concessions Salaries payable Depreciation expense: equipment 17,500 5,500 568,000 568,000 (a) 700 (b) 300 (f) 4,000 (c) (a) 700 () (3) 400 (c) 400 (d) 5,000 (e) 1,100 (f) 4,000 11,500 11,500