Presented below is the trial balance of the Blue Golf Club, Inc. as of December $31.$ The books are closed annually on December $31.$ BLUE GOLF CLUB, INC. TRIAL BALANCE DECEMBER $31$ Debit Credit Cash

$1,100$ Prepaid Insurance $9\mathrm{.}750$ Land $379,500$ Buildings $150,000$ Accumulated Depreciation$-$Buildings $38,566$ Equipment $191,800$ Accumulated Depreciation$-$Equipment $68,660$ Common Stock $361\mathrm{.}700$ Retained Earnings $220,469$ Dues Revenue $218,600$ cearch O RI $79$F Question $6$ of $6$ retaineu carrings ZZU,$407$ Dues Revenue $218,600$ Green Fees Revenue $5,785$ Rent Revenue $16,500$ Utilities Expenses $57,510$ Salaries and Wages Expense $84,230$ Maintenance and Repairs Expense $25,390$

$931,380$ Enter the balances in ledger accounts. Cash Accounts Receivable Allow. for Doubtful Accts. Land Buildings Accum. Depr.$-$Buildings Equipment Equipment Prepaid Insurance Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue $79$F $-$e to search o iT Utilities Expenses Salaries and Wages Expense Maintenance and Repairs Expense Accum. Depr.$-$Equipment e Textbook and Media 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 O for the amounts.$)(1)(2)(3)(4)$ 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

$3,771.$ Dues received in advance from members

O Bi E $9$ A $79\text{'}$F $+$ ACC$-370$ Topic $2$ Assignment $-$ TO Question $6$ of $6-/155$ eTextbook and Media 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 for the amounts.$)$ No$.$ Account Titles and Explanation Debit Credit $1.($To close revenue accounts$)2.$ ch ORI $79$F $!$ Question $6$ of $6-/15$ III $($To close expense accounts$)3.($To close net income $/($loss$))$ e Textbook and Media List of Accounts Attempts: $0$ of $5$ used Submit Answer Save for Later $($d$2)$ u $0079$F A BH search Post closing entries. $($Post entries in the order of journal entries presented in the previous part.$)$ Cash Bal $17,200$ Accounts Receivable Bal. $16,000$ Allow. for Doubtful Accts. Bal. $1\mathrm{.}100820$ Adj. $1\mathrm{.}920$ Land Bal. $379,500$ Buildings Bal. $150,000$ Accum. Depr.$-$Buildings Bal. $38,56679$F here to search ORI fo Rent Receivable Adj. $1,500$ Salaries and Wages Payable Adj. $3,771$ Equipment Bal. $191,800$ Prepaid Insurance Bal. $9\mathrm{.}750$ Adj. $3,2506,500$ Common Stock Bal. $361,700$ Retained Earnings Bal. $220,469$ TORT Dues Revenue Adj. $9,189$ Bal. $218,600$ Green Fees Revenue Bal. $5\mathrm{.}785$ Rent Revenue Bal. $16,500$ Adj. $1,500$ Utilities Expenses Bal. $57,510$ Bad Debt Expense A O $79$F ere to search $9$ Adj. $9\mathrm{.}189$ Salaries and Wages Expense Bal. $84,230$ Adj. $3,771$ Maintenance and Repairs Expense Bal. $25,390$ Depreciation Expense Adj. $5,000$ Adj. $19\mathrm{.}180$ Accum. Depr.$-$Equipment D NA $79$ ere to search Accum. Depr.$--$Equipment Bal. $68,660$ Adj. $19,18087,840$ Insurance Expense Adj. $3,250$ Income Summary e Textbook and Media List of Accounts

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 $0$ for th amounts. List all debit entries before credit entries.$)$

$(1)$ 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 $$3,250.$

$(4)$ The rent revenue represents the amount received for $11$ months for dining facilities. The December rent has not yet been received.

$(5)$ It is estimated that $12\%$ of the accounts receivable will be uncollectible.

$(6)$ Salaries and wages earned but not paid by December $31,$$$3,771$

$(7)$ Dues received in advance from members $$9,189$ were recorded as Dues Revenue.

solve Post closing entries.

Post closing entries.

Cash

Bal.

$17,200$

Accounts Receivable

Bal.

$16,000$

Allow. for Doubtful Accts.

$\backslash$table$[[,$Bal.,$1,100],[,$Adj.,$820],[,,1,920]]$

Bal.

$379,500$

Ruitdings