1. Multan Golf Course adjusts and closes its accounts at the end of each calendar year. Revenue is obtained from greens fees and also from a contract with a concessionaire who sells refreshments on the premises. At December 31, the information for adjustments was gathered and a worksheet was prepared. The first four columns of the worksheet contained the account balances and adjustments shown below:

	Trial Balance		Adjustments*
	Dr.	Cr.	Dr.	Cr.
Cash	109,000
Unexpired insurance	28,000			(a) 8,000
Prepaid advertising	12,000			(b) 3,000
Land	4,500,000
Equipment	576,000
Accumulated depreciation, equipment		95,000		(f) 48,000
Loan		720,000
Unearned revenue from concessions		90,000	(d) 60,000
Capital		3,810,000
Drawings	180,000
Revenue form greens fees		2,100,000
Advertising expense	66,000		(b) 3,000
Water expense	122,000
Salaries expense	946,000		(e) 14,000
Repairs and maintenance expense	210,000
Miscellaneous expense	66,000
	6,815,000	6,815,000
Insurance expense			(a) 8,000
Interest expense			(c) 5,000
Interest payable				(c) 5,000
Revenue from concessions				(d) 60,000
Salaries payable				(e) 14,000
Depreciation expense: equipment			(f) 48,000
			138,000	138,000

^*Adjustments:

1. Rs. 8,000 insurance expired during year.
2. Rs. 3,000 prepaid advertising expired during year.
3. Rs. 5,000 accrued interest expense on notes payable.
4. Rs. 60,000 concession revenue earned during year.
5. Rs. 14,000 of salaries earned but unpaid at December 31.
6. Rs. 48,000 depreciation expense for year.

Instructions: Using the data above, complete the remaining six columns of the worksheet.