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E4-25 (similar to) Puestion Help Data Table - X Mel's Bowling Alley's adjusted trial balance as of December 31, 2018, is presented below: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the closing entries for Mel's Bowling Alley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Mel's Bowling Alley Adjusted Trial Balance December 31, 2018 Date Accounts and Explanation Debit Credit - X Balance Debit Credit Requirements Account Title Cash $ 16,500 Dec. 31 Clos. (1) 3,200 Accounts Receivable Office Supplies Prepaid Insurance 1. Prepare the closing entries for Mel's Bowling Alley. 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Mel's Bowling Alley. 1.250 3,400 Land 5.000 115,000 Print Done $ 5,600 46,000 21,000 Building Accumulated DepreciationBuilding Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue 3,600 710 3,900 900 Common Stock 102,000 51,415 Retained Earnings Dividends 33,000 115,000 Service Revenue Insurance Expense Salaries Expense 27,000 25,000 Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts Clear All remaining Check Answer E4-25 (similar to) - X Question Help Data Table Mel's Bowling Alley's adjusted trial balance as of December 31, 2018, is presented below: (Click the icon to view the adjusted trial balance.) Read the requirements Mel's Bowling Alley Adjusted Trial Balance December 31, 2018 Requirement 1. Prepare the closing entries for Mel's Bowling Alley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Balance Debit Credit Account Title Date Accounts and Explanation Debit Credit Cash $ 16,500 Dec. 31 3,200 Clos (1) 1,250 Accounts Receivable Office Supplies Prepaid Insurance Land 3,400 5.000 115,000 $ 5,600 46,000 Requirements 21,000 Building Accumulated DepreciationBuilding Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue 3,600 710 3,900 1. Prepare the closing entries for Mel's Bowling Alley. 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Mel's Bowling Alley 900 102,000 Common Stock Retained Earnings 51,415 Print Done Dividends 33,000 Service Revenue 115,000 27,000 Insurance Expense Salaries Expense 25,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check Answer i - X Data Table Cash 16,500 3,200 1,250 3,400 5,000 115,000 5,600 46,000 21,000 3,600 710 3,900 Accounts Receivable Office Supplies Prepaid Insurance Land Building Accumulated DepreciationBuilding 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 900 102,000 51,415 33,000 115,000 27,000 25,000 1,000 22,000 5,500 275 $ 304,125 $ 304,125 Total Print Done
