Presented below is the trial balance of the Bonita Golf Club, Inc. as of December 31. The books are closed annually on December 31. Credit $1,100 BONITA GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31 Debit Cash $16,630 Accounts Receivable 14,600 Allowance for Doubtful Accounts Prepaid Insurance 9,240 Land 367.100 Buildings 150,000 Accumulated Depreciation-Buildings Equipment 161,600 Accumulated Depreciation Equipment Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue Utilities Expenses 58,700 Salaries and Wages Expense 81,400 Maintenance and Repairs Expense 28,300 $887,570 37,971 74,040 361,600 176,272 211,700 6,187 18,700 5887,570 Your answer is partially correct. From the trial balance and the information given below, prepare annual adjusting entries. (Credit account titles are automatically indented when amount is indent manually. If no entry is required, select "No entry for the account 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 $3,420. (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. $3.272 (7) Dues received in advance from members $8,870, were recorded as Dues Revenue. Debit No. Account Titles and Explanation 1. Accumulated Depreciation Credit 5000 TL Buildings 5000 2. Accumulated Depreciation 87567 Equipment 8756 3. Tinsurance Expense T (c) Prepare an adjusted trial balance. BONITA GOLF CLUB, INC. Adjusted Trial Balance December 31, XXOOX Debit Credit Cash Accounts Receivable Allowance for Doubtful Ace