nework (B) Question 1 of 1 - / Presented below is the trial balance of the Wildhorse Golf Club, Inc. as of December 31. The books are closed annually on December 31 Credit $1,000 WILDHORSE GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31 Debit Cash $16.180 Accounts Receivable 13,900 Allowance for Doubtful Accounts Prepaid Insurance 9,360 Land 379,300 Buildings 120,000 Accumulated Depreciation-Buildings Equipment 156.700 Accumulated Depreciation-Equipment Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue Utilities Expenses 57.220 Salaries and Wages Expense 84,200 39.796 71,610 418,700 118,522 190,300 6,192 18,700 Question 1 of 1 RETIL REVUE 10,/UU Utilities Expenses Salaries and Wages Expense Maintenance and Repairs Expense 57.220 84,200 27.960 $864,820 $864,820 Enter the balances in ledger accounts. Cash Accounts Receivable Allow.for Doubtful Accts. Land Buildings K(B) uestion 1 of 1 - 15 From the trial balance and the information given below, prepare annual adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) (1) (2) (3) The buildings have an estimated life of 30 years with no salvage value (straight-line method). The equipment is depreciated at 10% per year. Insurance expired during the year $3,190. The rent revenue represents the amount received for 11 months for dining facilities. The December rent has not yet been received. (Use Rent Receivable account.) It is estimated that 12% of the accounts receivable will be uncollectible. Salaries and wages earned but not paid by December 31, $3,734 Dues received in advance from members $9,662 were recorded as Dues Revenue. (5) (6) (7) Debit Credit No. Account Titles and Explanation 1. 2 Question 1 of 1 Post adjusting entries to the ledger accounts. (Post entries in the order as displayed in the part above.) Bal. Cash 16,180 Accounts Receivable 13,900 Allow. for Doubtful Accts. Bal. Bal. 1,000 Bal. Land 379,300 Buildings 120,000 Accum. Depr.-Buildings Bal Bal. C 39.796 (B) mestion 1 of 1 -75 Prepare an adjusted trial balance. WILDHORSE GOLF CLUB, INC. Adjusted Trial Balance December 31, XXXX Debit Credit -15 Question 1 of 1 Question Part Score Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts.) Debit Credit No. Account Titles and Explanation 1. (To close revenue accounts) 2
