Problem 3-9 (Part Level Submission)

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

PEARL GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31
		Debit			Credit
Cash		$15,320
Accounts Receivable		17,500
Allowance for Doubtful Accounts					$1,100
Prepaid Insurance		9,180
Land		369,300
Buildings		150,000
Accumulated Depreciation-Buildings					48,000
Equipment		190,400
Accumulated Depreciation-Equipment					88,853
Common Stock					436,800
Retained Earnings					128,788
Dues Revenue					194,600
Green Fees Revenue					6,429
Rent Revenue					16,500
Utilities Expenses		57,080
Salaries and Wages Expense		82,950
Maintenance and Repairs Expense		29,340
		$921,070			$921,070

Post the ledger accounts.