P3-9 (L02,3,4,5) (Adjusting and Closing) Presented below is the trial balance of the Crestwood Golf Club, Inc. as of Decem- ber 31The books are closed annually on December 31 CRESTWOOD GOLF CLUB, INC TRIAL BALANCE DECEMBER 31 Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Land Buildings Accumulated Depreciation Buildings Equipment Accumulated Depreciation-Equipment Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue 15,000 13,000 1,100 9,000 350,000 120,000 38,400 150,000 70,000 400,000 82,000 200,000 5,900 17,600 Utilities Expenses Salaries and Wages Expense Maintenance and Repairs Expense 54,000 80,000 24,000 $815,000 $815,000