Journal Entries and Financial Statements The Learning Circle is a private organization that provides after-school and summer tutoring and educational activities to children from low-income fami lies. The organization is funded by member dues and contributions. Following is Learning Circle's trial balance at July 1, 2015 Debit Credit Dues receivable 5,000 25,000 200,000 Land 260,000 35,000 820,000 195,000 Accounts $1,050,000 $1,050,000 Cash receipts and payments for fiscal 2016 are