Samanta’s Bowling Alley’s adjusted trial balance as of December 31, 2025, is presented below: 

Requirements 

1. Prepare the closing entries for Samanta’s Bowling Alley. 

2. Prepare a post-closing trial balance. 

3. Compute the current ratio for Samanta’s Bowling Alley.

Transcribed Image Text:

Account Title Cash SAMANTA'S BOWLING ALLEY Adjusted Trial Balance December 31, 2025 Accounts Receivable Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Depreciation Expense-Building Total Balance Debit $ 15,400 2,310 450 2,300 15,000 75,000 40,000 28,000 20,000 36,000 800 12,000 1,500 225 $ 248,985 Credit $ 4,500 12,000 3,400 620 2,840 1,300 100,000 30,325 94,000 $ 248,985