i - X Data Table Mike's Bowling Alley Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash 16,500 2,700 850 3,300 Accounts Receivable Office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable 50,000 130,000 $ 42,000 6,500 13,000 3,500 725 Print Done Start by closing revenues. Debit Credit Date Accounts and Explanation Dec. 31 Service Revenue Clos. (1) Income Summary To close revenues. Close expenses for the period. Debit Credit Date Accounts and Explanation Dec. 31 Clos. (2) Chann from an liet or enter any number in the input fields and then continue to the next question. Close Income Summary Debit Credit Date Accounts and Explanation Dec. 31 Clos. (3) Close Dividends. Debit Credit Date Accounts and Explanation Dec. 31 Clos. (4) Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Prepare a post-closing trial balance. Mike's Bowling Alley Post-Closing Trial Balance December 31, 2018 Balance Debit Credit Account Title Requirement 3. Compute the current ratio for Mike's Bowing Alley Select the labels, enter the amounts, then compute the current ratio. (Round your answer to two decimal places) Current ratio Data Table alai ed to ento ccoy Mike's Bowling Alley Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 16,500 Accounts Receivable 2,700 Office Supplies 850 Prepaid Insurance 3,300 Land 50,000 Building 130,000 Accumulated Depreciation-Building $ 6,500 Equipment 42,000 Accumulated Depreciation-Equipment 13,000 Accounts Payable 3,500 Utilities Payable 725 Accoy num Print Done 13,000 3,500 are the closing entre In the 725 es. 3,500 Accoy 800 109,000 nice Revenue me Summary 118,475 Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retaine Earnings Dividends Service Revenue Insurance Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Depreciation Expense-Building 27,000 105,000 lose revenues. ne period. Accoy 28,000 39,000 1,600 16,000 3,000 550 $ 360,500 $ 360,500 Total antaran + 2