Mark's Bowling Aley's adjusted trial balance as of December 31, 2016 is presented below (click the icon to view the adjusted trial balance.) Requirements 1. Prepare the closing entries for Mark's Bowling Alley 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Mark's Bowling Alley. Requirement 1. Prepare the closing entries for Mark's Bowling Alley. (Record debits first, then credits. Select the explan Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 Service Revenue 125,000 Clos. (1) Uneaned Revenue 1.100 Income Summary 126,100 To close revenues. Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (2) ncome Summary Insurance Expense Salaries Expense Supplies Expense Utilities Expense 85,760 23,000 41,000 15,000 Equipment 5,000 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook esc 20 - F6 Mark's Bowling Aley's adjusted trial balance as of December 31, 2016 is presented below (click the icon to view the adjusted trial balance.) Requirements 1. Prepare the closing entries for Mark's Bowling Alley 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Mark's Bowling Alley. Requirement 1. Prepare the closing entries for Mark's Bowling Alley. (Record debits first, then credits. Select the explan Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 Service Revenue 125,000 Clos. (1) Uneaned Revenue 1.100 Income Summary 126,100 To close revenues. Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (2) ncome Summary Insurance Expense Salaries Expense Supplies Expense Utilities Expense 85,760 23,000 41,000 15,000 Equipment 5,000 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook esc 20 - F6