12 Debit Credit Debit 13 Cash Credit Debit $ 15,000 Credit S 14 Accounts Receivable 15,000 13,000 1300 15 Allowance for Doubtful Accounts 14,300 $ 1,100 1300 16 Prepaid Insurance $ 2,400 9,000 17 Land 9,000 533,000 533,000 18 Buildings 220,000 220,000 19 Accumluated Depreciation - Bidg. 38,400 38,400 20 Equipment 150,000 150,000 21 Accumulated Depreciation - Equip. 70,000 70,000 22 Long-term Investments 23,000 23,000 23 Income Taxes Payable 20,000 20,000 24 Note Payable - 2 year term, 10% interest rate 100,000 100,000 25 Bonds Payable - 10 year term, 5% stated rate 200,000 200,000 26 Premium on Bonds Payable 10,000 10,000 27 Fair value adjustment - Bonds Payable 2,000 15000 17,000 28 Bonds Payble 15000 15000 29 Common Stock - 2000 shares - no par 400,000 400,000 30 Retained Earnings 78,000 78,000 31 Accumulated Other Comprehensive Income 2,000 2,000 32 Members' Dues Revenue 200,000 200,000 33 Greens Fee Revenue 5,900 5,900 34 Cart Rental Revenue 17,600 17,600 35 Utilities Expense 54,000 54,000 36 Salaries and Wages Expense 80,000 80,000 37 Maintenance and Repairs Expense 14,000 14,000 38 Depreciation Expense 11,500 11,500 39 Investment Income 1,500 1,500 40 Income Tax Expense 20,000 20,000 41 Interest Expense 2500 2500 42 Interest Payable 2500 2500 43 44 Totals $1,144,500 |$1,144,500 18800 18800 $ 1,165,300 1163300