Accounting for Dues (Alternate is 4-42.) The Stone Beach Golf Club provided the following data from its comparative balance sheets: Dues receivable Unearned dues revenue December 31 20X8 20X7 $90,000 $75,000 $30,000 The income statement for 20X8, which was prepared on the accrual basis, showed Dues Revenue Earned of $680,000. No dues were collected in advance during 20X8.

Prepare journal entries and post to T-accounts for the following: 1. Earning of dues collected in advance. 2. Billing of dues revenue during 20X8. 3. Collection of dues receivable in 20X8.