trial balance for Martell Bowling Alley

The adjusted trial balance for Martell Bowling Alley at December 31, 2014, contains the following accounts.

Debits		Credits
Buildings	$128,800	Owner’s Capital	$115,000
Accounts Receivable	14,520	Accumulated Depreciation—Buildings	42,600
Prepaid Insurance	4,680	Accounts Payable	12,300
Cash	18,040	Notes Payable	97,780
Equipment	62,400	Accumulated Depreciation—Equipment	18,720
Land	67,000	Interest Payable	2,600
Insurance Expense	780	Service Revenue	17,180
Depreciation Expense	7,360
Interest Expense	2,600
	$306,180		$306,180

(b)
Comment on the liquidity of the company.

trial balance for Martell Bowling Alley A+ Tutorial use as Guide

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