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Matt's Bowling Alley's adjusted trial balance as of December 31,2025, is presented below: View...

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Accounting

Matt'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 Matt's Bowling Alley. (Record debits first, then credits. Select the explanation on the last Start by closing revenues.
Adjusted trial balance
Close expenses for the period.
Requirements
1. Prepare the closing entries for Matt's Bowling Alley.
2. Prepare a post-closing trial balance.
3. Compute the current ratio for Matt's Bowling Alley.
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