Requirement $1.$ Prepare the closing entries for Samanta's Bowling Alley. $($Record debils first, then credits. Select the explanation on the last line of the journal entry table.$)$ Start by closing revenues.

Requirement $1.$ Prepare the closing entries for Samanta's Bowling Alley. $($Record debits first, then credits Select the explanation on the last line of the joumal entry table$)$

Start by closing revenues.

Adjusted Trial Balance

$\backslash$table$[[\backslash$table$[[$Samanta$\text{'}$s Bowing Alley$],[$Adjusted Trial Balance$],[$December $31,2025]]],[,$Balance$],[$Account Tritle,Debit,Credit$],[$Cash$,$$$,15,400],[$Accounts Receivable,,$2,310,],[$Supplies$,,450,],[$Prepaid Insurance,,$2,300,],[$Land$,,15,000,],[$Building$,,75,000,],[$Accumulated Depreciation$-$Building,,$$,4,500],[$Equipment$,,40,000,],[$Accumulated Depreciation$-$Equipment,,,$12,000],[$Accounts Payable,,,$3,400],[$Utilities Payable,,,$620],[$Salaries Payable,,,$2,840],[$Unearned Revenue,,,$1,300],[$Samanta$,$ Capital,,,$130,325],[$Samanta$,$ Withdrawals,,$28,000,],[$Service Revenue,,,$94\mathrm{.}000],[$Insurance Expense,,$20\mathrm{.}000,],[$Salaries Expense,,$36\mathrm{.}000,],[$Supplies Expense,,$800,],[$Utilities Expense,,$12,000,],[$Depreciation Expense$-$Equipment,,$1,500,],[$Depreciation Expense$-$Building,,$225,],[$Total$,$s$,248,985,248,985]]$

Prepare the closing entries for Samanta's Bowling Alle

Prepare a post$-$closing trial balance.

Compute the current ratio for Samanta's Bowling Alley