QUESTION 10 Continuing the facts from the prior question, BPS has accrued the following expenses (explained below): Advertising (in the clubhouse) Bad Debt expense $12,850 12,150 Pro Golf Teachers Membership Fees 860 Supplies (golf tees, balls, etc.) 4,720 6,800 1,200 7,820 Club Rental Malpractice Insurance Accounting Fees The expenditures were all paid for this calendar year with several exceptions. First, Ben initiated his golfer's malpractice insurance on July 1st of this year. The $1,200 insurance bill covers the last six months of this calendar year and the first six months of next year. At year end Ben had only paid $600, but he has assured the insurance agent he would pay the remaining $600 early next year. Second, the amount paid for club rental ($100 per week) represents rental charges for the last six weeks of the previous year, for the 52 weeks in this calendar year, and the first 10 weeks of next year. Ben has also mentioned that BPS only pays for supplies that are used at the club. Although BPS could buy the supplies for half the cost elsewhere, Ben likes to "throw some business" to the golf pro shop because it is operated by his brother. What is the amount of deductions claimed by BPS? (Excel spreadsheet template is provided)