Please Help with The b2

8/1/2020 Problem 3-09 (Part Level Submission) Print by: Roxie Kennedy ACC-370-0500:ACC-370-0500 / ACC-370 TOPIC 02 ASSIGNMENT *Problem 3-09 (Part Level Submission) 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 14,70 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 (a) Your answer is correct. Enter the balances in ledger accounts. Cash Bal. (15900 Accounts Receivable Bal. 14700 Allow. for Doubtful Accts. |Bal. 1200 and Bal. 356300 Buildings Bal. 150000 Accum. Depr.-Buildings Bal.) 35104 Equipment https://edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni 1/5811/2020 Problem 309 (Part Level Submission) @@l o Prepaid Insurance _.___.___T._.___________.._ Common Stock GHQ-l {384400} Retained Earnings mg lLZl Dues Revenue 0 l@ 3189900] Green Fees Revenue Rent Revenue GHQ @v Utilities Expenses |___________ Salaries and Wages Expense ___..____._.__..l____.__ @@. Cl Maintenance and Repairs Expense __._._____.__._.l____ ieFLI @. Cl Accum. Depr.--Equipment ClueLi FLTElli Attempts: 1 of 5 used *(b1) Your answer is correct. 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 the amounts.) (1) The buildings have an estimated life of 30 years with no salvage value (straightline 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 Titls and Explanation Debit Credit httpszlledugen.wileyplus.com/edugen/shared/assignmenlltesllqprinl.uni 2/5 8/1/2020 Problem 3-09 (Part Level Submission) Prepaid Insurance 3830 4. Rent Receivable 1600 Rent Revenue |1600 5. Bad Debt Expense 564 Allowance for Doubtful Accounts 1564 6. Salaries and Wages Expense 3638 Salaries and Wages Payable 3638 7. Dues Revenue 8859 Unearned Dues Revenue 18859 Attempts: 2 of 5 used (b2) Post adjusting entries to the ledger accounts. (Post entries in the order as displayed in the part above.) Cash Bal. 15,900 Accounts Receivable Bal. 14,700 Allow. for Doubtful Accts. Bal. 1,200 Land Bal. 356,300 Buildings Bal. 150,000 Accum. Depr.-Buildings Bal. 35,104 Rent Receivable Salaries and Wages Payable Equipment Bal. 178,700 Prepaid Insurance Bal. 9,49 Common Stock https://edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni 3/58/1/2020 Problem 3-09 (Part Level Submission) Bal. 384,400 Retained Earnings Bal 177,226 Dues Revenue Bal . 189,900 Green Fees Revenue |Bal. 6,120 Rent Revenue Bal 17,600 Utilities Expenses Bal. 55,180 Bad Debt Expense Unearned Dues Revenue Salaries and Wages Expense Bal. 81,910 Maintenance and Repairs Expense Bal. 25,720 Depreciation Expense Accum. Depr.-Equipment Bal 76,350 Insurance Expense Attempts: 0 of 5 used * (C) The parts of this question must be completed in order. This part will be available when you complete the part above. (d1) The parts of this question must be completed in order. This part will be available when you complete the part above. *(d2) https://edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni 4/5