The trial balance of the Shamrock Golf Club as at December 31 is as follows. The books are closed annually on December 31 3 5 Shamrock Golf Club Inc. 6 Trial Balance 7 December 31, 2023 DebitCredit Cash $ 118,000 Accounts Receivable 63,800 Allowance for doubtful accounts 8,550 Land 358,000 Buildings 570,000 Accumulated depreciation - buildings 39,400 Equipment 307,000 Accumulated depreciation - equipment 122,500 Prepaid insurance 11,500 Common shares 864,860 Retained earnings 150,500 Sales revenue 413,500 Rent revenue 42,790 Utilities expense 72,500 Salaries and wage expense 91,300 Repairs and maintenance expense 50,000 Additional Information: 1. The buildings have an estimated life of 30 years with no residual value. ( The company uses the straight-line method ) 2. The equipment is depreciated at 10% of its year- end carrying value per year. 3. Insurance expired during the year was 5,350. 4. The rental revenue is the amount received for 11 months for dining facilities . The December rent of $ 3,890 has not yet been receivedA Rent Receivable account is used. 5. It is estimated that 20% of the accounts receivable will be uncollectible. 6. Salaries and wages earned but not paid by December 31 amounted to $3,700. 7. Sales revenue included dues paid in advance by members and totalled $9,510. Instructions: a ) From the trial balance and other information given, prepare annual adjusting entries as at December 31, 2023. (7 marks)