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Please help me with # 1-3 Manny's Bowling Alley's adjusted trial balance as of December 31, 2016 is presented below. EE (Click the icon to
Please help me with # 1-3
Manny's Bowling Alley's adjusted trial balance as of December 31, 2016 is presented below. EE (Click the icon to view the adjusted trial balance Requirements 1. Prepare the closing entries for Manny's Bowling Alley. 2. Prepare a post-closing trial balance 3. Compute the current ratio for Manny's Bowling Alley. Requirement 1. Prepare the closing entnes for Manny's Bowling Alley. (Record debits first, then credits. Select the expl Start by closing revenues. Accounts and Explanation Debit Date Credit Dec. 31 Clos. Choose from any list or enter any number in the input fields and then click Check Answer. Manny's Bowling Alley Adjusted Trial Balance December 31, 2016 Balance Account Title Debi Credit 16,000 Cash Accounts Receivable 3,600 550 Office Supplies Prepaid Insurance 2,300 50,000 Equipment 14,000 Accumulated Depreciation-Equipment Building 125,000 Accumulated Depreciation-Building 5,600 Print DoneStep by Step Solution
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