Presented below is the trial balance of the Bonita Golf Club, Inc. as of December 31....

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

BONITA GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31
	Debit	Credit
Cash	$16,630
Accounts Receivable	14,600
Allowance for Doubtful Accounts		$1,100
Prepaid Insurance	9,240
Land	367,100
Buildings	150,000
Accumulated Depreciation-Buildings		37,971
Equipment	161,600
Accumulated Depreciation-Equipment		74,040
Common Stock		361,600
Retained Earnings		176,272
Dues Revenue		211,700
Green Fees Revenue		6,187
Rent Revenue		18,700
Utilities Expenses	58,700
Salaries and Wages Expense	81,400
Maintenance and Repairs Expense	28,300
	$887,570	$887,570

Retained Earnings
Bal.		Bal.
Dues Revenue
Bal.		Bal.
Green Fees Revenue
Bal.		Bal.
Rent Revenue
Bal.		Bal.
Utilities Expenses
Bal.		Bal.
Salaries and Wages Expense
Bal.		Bal.
Maintenance and Repairs Expense
Bal.		Bal.
Accum. Depr.—Equipment

(a)


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Enter the balances in ledger accounts.

Expert Solution

Answer:

a)

Date	Particulars	Debit ($)	Credit ($)	Balance ($)
Cash
31-Dec	Balance	16630		16630
Accounts receivable
31-Dec	Balance	14600		14600
Allowance For Doubtful Account
31-Dec	Balance		1100	1100
Prepaid Insurance
31-Dec	Balance	9240		9240
Land
31-Dec	Balance	367100		367100
Buildings
31-Dec	Balance	150000		150000
Accumulated Depreciation - Buildings
31-Dec	Balance		37971	37971
Equipment
31-Dec	Balance	161600		161600
Accumulated Depreciation - Equipment
31-Dec	Balance		74040	74040
Common Stock
31-Dec	Balance		361600	361600
Retained Earnings
31-Dec	Balance		176272	176272
Dues Revenue
31-Dec	Balance		211700	211700
Green Fees Revenue
31-Dec	Balance		6187	6187
Rent Revenue
31-Dec	Balance		18700	18700
Utilities Expense
31-Dec	Balance	58700		58700
Salaries and Wages Expense
31-Dec	Balance	81400		81400
Maintenance and Repair Expense
31-Dec	Balance	28300		28300

ekkarill92 answered 1 year ago

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