Mel’s Bowling Alley’s adjusted trial balance as of December 31,

Mel’s Bowling Alley’s adjusted trial balance as of December 31, 2014 is presented below.


Mel’s Bowling Alley’s adjusted trial balance as of December 31,


Requirements
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 BowlingAlley.