Matts bowling Alley.

1.prepare the coosing entries for Matts Bowling Alley

2.Prepare a post closing trial balance

3.compute the current ratio for matts bowling alley

* Data Table Matr's Bowling Alley'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 Matt's Bowling Alley 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Matt's Bowling Alley Requirement 1. Prepare the closing entries for Matt's Bowling Alley (Record debits first, then cre! Start by closing revenues Date Accounts and Explanation Debit Dec. 31 Clos. (1) Matt's Bowling Alley Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 20.500 Accounts Receivable 3.000 Office Supplies Prepaid Insurance 2,500 Equipment 48.000 Accumulated Depreciation-Equipment $ 21,000 Bulldrg 128.000 Accumulated Depreciation-Building 6,500 40,000 Accounts Payable Uslities Payable 500 Salaries Payable 3.700 Ureamed Revenue Common Stock 109.000 Close expenses for the period. Land Date Accounts and Explanation 4.800 Dec. 31 Clos (2) Print Done Choose from any list or enter any number in the input fields and then continue to the next MacBook Air This Question: 20 pts Matt's Bowling Alley'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 Matt's Bowling Alley 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Matt's Bowling Alley. Requirement 2. Prepare a post-closing trial balance. Matt's Bowling Alley Post-Closing Trial Balance December 31, 2016 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question MacBoo Total Requirement 3. Compute the current ratio for Matt's Bowling Alley Select the labels, enter the amounts, then compute the current ratio. (Round your answer to two decimal places.) Current ratio Choose from any list or enter any number in the input fields and then continue to the next question MacBo esc Bora AT cro W tab 18 of 25 (21 complete) Data Table mber 31, 2016 is pre HUCOTIT Depreciar quipment 120,0 vey 6.500 40,000 4,800 T's Bowling Alley. (Record Explanation 3,700 900 109,000 117,350 SEE Building Accumulated Depreciation-Building Land 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 31,000 97,000 21,000 -39,000 1,900 and Explanation 19,000 5,500 400 360,750 S 360,750 prine (Done] ber in the input fields and then c MacBook Air