TAMARISK GOLF CLUB, INC.TRIAL BALANCEDECEMBER 31 Debit Credit Cash $17,550 Accounts Receivable 14,700 Allowance for Doubtful Accounts $1,200 Prepaid Insurance 9,500 Land 353,200 Buildings 150,000 Accumulated Depreciation-Buildings 48,000 Equipment 196,500 Accumulated Depreciation-Equipment 91,700 Common Stock 381,500 Retained Earnings 158,117 Dues Revenue 204,200 Green Fees Revenue 5,703 Rent Revenue 17,600 Utilities Expenses 58,420 Salaries and Wages Expense 82,100 Maintenance and Repairs Expense 26,050 $908,020 $908,020 From the trial balance and the information given below, prepareannual adjusting entries. (1) The buildings have an estimated life of 30 years with nosalvage value (straight-line method). (2) The equipment is depreciated at 10% per year. (3) Insurance expired during the year $3,550. (4) The rent revenue represents the amount received for 11 monthsfor 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 beuncollectible. (6) Salaries and wages earned but not paid by December 31,$3,821. (7) Dues received in advance from members $9,357, were recorded asDues Revenue.

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TAMARISK GOLF CLUB, INC.TRIAL BALANCEDECEMBER 31    Debit  Credit   Cash  $17,550       Accounts Receivable  14,700       Allowance for Doubtful Accounts     $1,200    Prepaid Insurance  9,500       Land  353,200       Buildings  150,000       Accumulated Depreciation-Buildings     48,000    Equipment  196,500       Accumulated Depreciation-Equipment     91,700    Common Stock     381,500    Retained Earnings     158,117    Dues Revenue     204,200    Green Fees Revenue     5,703    Rent Revenue     17,600    Utilities Expenses  58,420       Salaries and Wages Expense  82,100       Maintenance and Repairs Expense  26,050         $908,020   $908,020    From the trial balance and the information given below, prepareannual adjusting entries.   (1)  The buildings have an estimated life of 30 years with nosalvage value (straight-line method).   (2)  The equipment is depreciated at 10% per year.   (3)  Insurance expired during the year $3,550.   (4)  The rent revenue represents the amount received for 11 monthsfor 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 beuncollectible.   (6)  Salaries and wages earned but not paid by December 31,$3,821.   (7)  Dues received in advance from members $9,357, were recorded asDues Revenue.

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TAMARISK GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31
	Debit	Credit
Cash	$17,550
Accounts Receivable	14,700
Allowance for Doubtful Accounts		$1,200
Prepaid Insurance	9,500
Land	353,200
Buildings	150,000
Accumulated Depreciation-Buildings		48,000
Equipment	196,500
Accumulated Depreciation-Equipment		91,700
Common Stock		381,500
Retained Earnings		158,117
Dues Revenue		204,200
Green Fees Revenue		5,703
Rent Revenue		17,600
Utilities Expenses	58,420
Salaries and Wages Expense	82,100
Maintenance and Repairs Expense	26,050
	$908,020	$908,020

(1)		The buildings have an estimated life of 30 years with nosalvage value (straight-line method).
(2)		The equipment is depreciated at 10% per year.
(3)		Insurance expired during the year $3,550.
(4)		The rent revenue represents the amount received for 11 monthsfor 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 beuncollectible.
(6)		Salaries and wages earned but not paid by December 31,$3,821.
(7)		Dues received in advance from members $9,357, were recorded asDues Revenue.