Prepare an adjusted trial balance. Dnot antvies in the andor ac dicnlaved in the Dort obove.) 3. Insurance Expense 3.270 Prepaid Insurance 3,270 4. Rent Receivable Rent Revenue 5. Bad Debt Expense Allowance for Doubtful Accounts 6. Salaries and Wages Expense Salaries and Wages Payable 7. Dues Revenue 3,805 1,600 1,600 . 1,600 396 3,805 3,805 Dues Revenue 8,191 Unearned Dues Revenue Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is n eTextbook and Media List of Accounts Saye for tater Attempts: 0 of 5 , Presented below is the trial balance of the Oriole Golr Club, Inc as of December 31 . The books are closed annually on December 31. Unearned Dues Revenue Salaries and Wages Expense Bal. 82,010 Maintenance and Repairs Expense Bal. 29,120 Depreciation Expense Accurn. Depr.-Equipment Insurance Expense Salaries and Wages Payable From the trial balance and the information given below, prepare annual adjusting entries. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts.) (1) The buildings have an estimated life of 30 years with no salvage value (straight-line method). (2) The equipment is depreciated at 10% per year. (3) Insurance expired during the year $3,270. (4) 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.) (5) It is estimated that 12% of the accounts receivable will be uncollectible. (6) Salaries and wages earned but not paid by December 31,$3,805. (7) Dues received in advance from members $8,191, were recorded as Dues Revenue. Post closing entries. (Post entries in the order of joumal entries presented in the previous part) Allow. for Doubtful Accts. Prepare an adjusted trial balance. Dnot antvies in the andor ac dicnlaved in the Dort obove.) 3. Insurance Expense 3.270 Prepaid Insurance 3,270 4. Rent Receivable Rent Revenue 5. Bad Debt Expense Allowance for Doubtful Accounts 6. Salaries and Wages Expense Salaries and Wages Payable 7. Dues Revenue 3,805 1,600 1,600 . 1,600 396 3,805 3,805 Dues Revenue 8,191 Unearned Dues Revenue Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is n eTextbook and Media List of Accounts Saye for tater Attempts: 0 of 5 , Presented below is the trial balance of the Oriole Golr Club, Inc as of December 31 . The books are closed annually on December 31. Unearned Dues Revenue Salaries and Wages Expense Bal. 82,010 Maintenance and Repairs Expense Bal. 29,120 Depreciation Expense Accurn. Depr.-Equipment Insurance Expense Salaries and Wages Payable From the trial balance and the information given below, prepare annual adjusting entries. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts.) (1) The buildings have an estimated life of 30 years with no salvage value (straight-line method). (2) The equipment is depreciated at 10% per year. (3) Insurance expired during the year $3,270. (4) 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.) (5) It is estimated that 12% of the accounts receivable will be uncollectible. (6) Salaries and wages earned but not paid by December 31,$3,805. (7) Dues received in advance from members $8,191, were recorded as Dues Revenue. Post closing entries. (Post entries in the order of joumal entries presented in the previous part) Allow. for Doubtful Accts
