Question

Presented below is the trial balance of the Oriole Golf Club, Inc. as of December 31. The books are closed annually on December 31. ORIOLE GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31 Debit Credit Cash $16,790 Accounts Receivable 14,900 Allowance for Doubtful Accounts $1,200 Prepaid Insurance 8,950 Land 354,100 Buildings 120,000 Accumulated Depreciation-Buildings 38,400 Equipment 196,200 Accumulated Depreciation-Equipment 91,560 Common Stock 394,700 Retained Earnings 143,255 Dues Revenue 189,200 Green Fees Revenue 5,655 Rent Revenue 16,500 Utilities Expenses 59,120 Salaries and Wages Expense 81,950 Maintenance and Repairs Expense 28,460 $880,470 $880,470 Collapse question part (a) Enter the balances in ledger accounts. Cash Accounts Receivable Allow. for Doubtful Accts. Land Buildings Accum. Depr.—Buildings Equipment Prepaid Insurance Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue Utilities Expenses Salaries and Wages Expense Maintenance and Repairs Expense Accum. Depr.—Equipment

Answer 1

(a).

Cash
Beginning balance	$16790
Ending balance	$16790

Accounts Receivable
Beginning balance	$14900
Ending balance	$14900

Allow. for Doubtful Accts
		Beginning balance	$1200
		Ending Balance	$1200

Land
Beginning balance	$354100
Ending Balance	$354100

Buildings
Beginning balance	$120000
Ending balance	$120000

Accumulated Depreciation-Buildings
		Beginning balance	$38400
		Ending balance	$38400

Equipment
Beginning balance	$196200
Ending balance	$196200

Prepaid Insurance
		Beginning balance	$8950
		Ending balance	$8950

Common Stock
		Beginning balance	$394700
		Ending balance	$394700

Retained Earnings
		Beginning balance	$143255
		Ending balance	$143255

Dues Revenues
		Beginning balance	$189200
		Ending balance	$189200

Green Fees Revenue
		Beginning balance	$5655
		Ending balance	$5655

Rent Revenue
		Beginning balance	$16500
		Ending balance	$16500

Utilities Expenses
Beginning balance	$59120
Ending balance	$59120

Salaries and Wages Expenses
Beginning balance	$81950
Ending balance	$81950

  

Maintenance and Repairs Expense
Beginning balance	$28460
Ending balance	$28460

Accumulated Depreciation-Equipment
		Beginning balance	$91560
		Ending balance	$91560