Sanchez's Bowling Alley Adjusted Trial Balance December 31, 2025 Balance Account Title Cash Accounts Receivable Debit Credit $ 19,000 3,500 Supplies Prepaid Insurance 750 2,900 Land 5,000 Building 115,000 Accumulated Depreciation-Building $ 8,000 39,000 Equipment Accumulated Depreciation-Equipment Accounts Payable 19,000 3,600 Utilities Payable 550 Salaries Payable 2,900 Unearned Revenue 2,100 Sanchez, Capital 127,450 Sanchez, Withdrawals 24,000 Service Revenue 120,000 Insurance Expense 25,000 Salaries Expense 25,000 Supplies Expense 1,100 Utilities Expense 19,000 Depreciation Expense-Equipment 4,000 350 Depreciation Expense-Building $ 283,600 $ 283,600 Total Sanchez's Bowling Alley's adjusted trial balance as of December 31, 2025, is presented below: View the adjusted trial balance. Read the requirements. ... Requirement 1. Prepare the closing entries for Sanchez's Bowling Alley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing Question Viewer Date Dec. 31 Clos. (1) Accounts and Explanation Requirements Debit Credit 1. Prepare the closing entries for Sanchez's Bowling Alley. 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Sanchez's Bowling Alley. Print Done - ☑
Sanchez's Bowling Alley Adjusted Trial Balance December 31, 2025 Balance Account Title Cash Accounts Receivable Debit Credit $ 19,000 3,500 Supplies Prepaid Insurance 750 2,900 Land 5,000 Building 115,000 Accumulated Depreciation-Building $ 8,000 39,000 Equipment Accumulated Depreciation-Equipment Accounts Payable 19,000 3,600 Utilities Payable 550 Salaries Payable 2,900 Unearned Revenue 2,100 Sanchez, Capital 127,450 Sanchez, Withdrawals 24,000 Service Revenue 120,000 Insurance Expense 25,000 Salaries Expense 25,000 Supplies Expense 1,100 Utilities Expense 19,000 Depreciation Expense-Equipment 4,000 350 Depreciation Expense-Building $ 283,600 $ 283,600 Total Sanchez's Bowling Alley's adjusted trial balance as of December 31, 2025, is presented below: View the adjusted trial balance. Read the requirements. ... Requirement 1. Prepare the closing entries for Sanchez's Bowling Alley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing Question Viewer Date Dec. 31 Clos. (1) Accounts and Explanation Requirements Debit Credit 1. Prepare the closing entries for Sanchez's Bowling Alley. 2. Prepare a post-closing trial balance. 3. Compute the current ratio for Sanchez's Bowling Alley. Print Done - ☑
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Sanchez's Bowling Alley
Adjusted Trial Balance
December 31, 2025
Balance
Account Title
Cash
Accounts Receivable
Debit
Credit
$
19,000
3,500
Supplies
Prepaid Insurance
750
2,900
Land
5,000
Building
115,000
Accumulated Depreciation-Building
$
8,000
39,000
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
19,000
3,600
Utilities Payable
550
Salaries Payable
2,900
Unearned Revenue
2,100
Sanchez, Capital
127,450
Sanchez, Withdrawals
24,000
Service Revenue
120,000
Insurance Expense
25,000
Salaries Expense
25,000
Supplies Expense
1,100
Utilities Expense
19,000
Depreciation Expense-Equipment
4,000
350
Depreciation Expense-Building
$
283,600 $
283,600
Total
Transcribed Image Text:Sanchez's Bowling Alley's adjusted trial balance as of December 31, 2025, is presented below:
View the adjusted trial balance.
Read the requirements.
...
Requirement 1. Prepare the closing entries for Sanchez's Bowling Alley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Start by closing Question Viewer
Date
Dec. 31
Clos. (1)
Accounts and Explanation
Requirements
Debit
Credit
1. Prepare the closing entries for Sanchez's Bowling Alley.
2. Prepare a post-closing trial balance.
3. Compute the current ratio for Sanchez's Bowling Alley.
Print
Done
-
☑
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