Question

I'm stuck on a cycle project. My adjusted balance is off by 10,000. The debits are 876872 and the credits are 886872. Can anyone help me out?

ACCT 3121 Cycle Project (V2) Presented below is the unadjusted trial balance of the Crestwood Golf Club, Inc. as of December 31. The books are closed annually on December 31. CRESTWOOD GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31 Credit Debit $ 17,170 Cash 16,900 Accounts Receivable Allowance for Doubtful Accounts $ 1,030 9,070 Prepaid Insurance Land Bauiday 358,560 120,000 35,260 Accumulated Depreciation-Buildings Equipment Accumulated Depreciation -Equipment Common Stock Retained Earnings Dues Revenue Green Fees Revenue Rent Revenue Utilities Expenses Salaries and Wages Expense Maintenance and Repairs Expense 172,340 71,880 408,140 119,040 200,160 6,400 17,600 56,430 27,350 $859,510 $859,510

Answer 1

Adjusting entries at year end:
Account title	Debit	Credit
Depreciation	21234
To Accumulated Depreciation-Building		4000
To Accumulated Depreciation-Equipment		17234
Insurance expense	3830
To Prepaid Insurance		3830
Rent receivable	1600
To Rent revenue		1600
Bad debts	2028
To allownces for doubtful debts		2028
salaries	3530
To Salaries payable		3530
Cash	9000
To Dues received in advance		9000