Preparing closing entries from an adjusted trial balance; preparing a post-closing trial balance; and calculating the current ratio

Mels Bowling Alleys adjusted trial balance as of December 31, 2014 is presented below.

Cash 15,400

Account Rec 2,310

Office Sup 450

Prepaid Ins 2,300

Equipment 40,000

Accum Dep Equip 12,000

Building 75,000

Accum Dep Build 4,500

Land 15,000

Acct Pat 3,400

Utilities Pay 620

Salaries Pay 2,840

Unearnd Rev 1,300

Common Stock 100,000

Retained Earnings 30,325

Dividends 28,0000

Service Rev 94,000

Insurance Exp 20,000

Salaries Exp 36,000

Supplies Exp 800

Utilitis Exp 12,000

Dep Exp Equip 1,500

Dep Exp Build 225

Total 248,985 248,985

Requirements

Prepare the closing entries for Mels Bowling Alley.

Prepare a post-closing trial balance.