Presented below is the trial balance of the Skysong Golf Club, Inc. as of December 31. The books are closed annually on December 31.

SKYSONG GOLF CLUB, INC.

TRIAL BALANCE

DECEMBER 31

Debit Credit

Cash $15,900

Accounts Receivable 14,700

Allowance for Doubtful Accounts $1,200

Prepaid Insurance 9,490

Land 356,300

Buildings 150,000

Accumulated Depreciation-Buildings 35,104

Equipment 178,700

Accumulated Depreciation-Equipment 76,350

Common Stock 384,400

Retained Earnings 177,226

Dues Revenue 189,900

Green Fees Revenue 6,120

Rent Revenue 17,600

Utilities Expenses 55,180

Salaries and Wages Expense 81,910

Maintenance and Repairs Expense 25,720

$887,900 $887,900

From the trial balance and the information given below, 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 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 $3,830.

(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, $3,638.

(7) Dues received in advance from members $8,859, were recorded as Dues Revenue.

No. Account Titles and Explanation Debit Credit

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