i Data Table 2,900 900 111,000 91,700 26,000 95,000 Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Depreciation ExpenseBuilding 27,000 37,000 1,800 19,000 3,500 375 $ 328,675 $ 328,675 Total Print Done Requirement 1. Prepare the closing entries for Mike's Bowling Alley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Mike's Bowling Alley Adjusted Trial Balance December 31, 2018 Accounts and Explanation Debit Credit Dec. 31 Balance Clos. (1) Account Title Credit Debit 17,500 3,600 500 2,400 5,000 140,000 $ 10,000 i Requirements 45,000 Cash Accounts Receivable Office 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 13,000 3,600 575 1. Prepare the closing entries for Mike's Bowling Alley. 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Mike's Bowling Alley. 2,900 900 Print Done 111,000 91,700 26,000 95,000 Insurance Expense Salaries Expense Supplies Expense 27,000 37,000 1,800 hoose from any list or enter any number in the input fields and then click Check Answer. Print Done