Question

and a classified balance sheet at December 31. c. Identify which accounts should be closed on December 31. d. If the note has been outstanding 10 months, what is the annual interest rate on that note? e. If the company paid $10,500 in salaries and wages in 2020, what was the balance in Salaries and Wages Payable on December 31, 2019? P3.9 (LO 2, 3, 4) (Adjusting and Closing) Presented below is the 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 Debit Credit Cash $ 15,000 Accounts Receivable 13,000 Allowance for Doubtful Accounts $ 1,100 Prepaid Insurance 9,000 Land 350,000 Buildings 120,000 Accumulated Depreciation-Buildings 38,400 Equipment 150,000 Accumulated Depreciation-Equipment 70,000 Common Stock 400,000 Retained Earnings 82,000 Dues Revenue 200,000 Green Fees Revenue 5.900 Rent Revenue 17,600 Utilities Expenses 54,000 Salaries and Wages Expense 80,000 Maintenance and Repairs Expense 24,000 $815.000 $815,000

my Q is question p3.9 anjusting and closing