Question

Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel E: (Click the icon to view the adjusted trial balance.) Read the requirements. Balance Michael's Bowling Alley Adjusted Trial Balance December 31, 2024 Account Title Debit Credit Balance Account Title Debit Credit Cash $ 15,500 2,400 Accounts Receivable Office Supplies 500 Prepaid Insurance 2,900 Land 15,000 115,000 $ 5,000 42,000 14,000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue 5,200 725 3,900 900 Total

Answer 1

1. Post Closing Trial Balance -

Credit Michel's Bowling Alley Post Closing Trial Balance Accounts Title Debit Cash $ 15,500 Accounts Receivable $ 2,400 Office Supplies $ 500 Prepaid Insurance $ 2,900 Land $ 15,000 Building $ 115,000 Accumulated Depreciation - Building Equipment $ 42,000 Accumulated Depreciation - Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings $ 5,000 $ 14,000 $ 5,200 $ 725 $ 3,900 $ 900 $ 101,000 $ 62,575 Total $ 193,300 $ 193,300