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

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

The adjusted trial balance for Martell Bowling Alley at December 31, 2014, contains the following accounts.DebitsCreditsBuildings$128,800Owner’s Capital$115,000Accounts Receivable14,520Accumulated Depreciation—Buildings42,600Prepaid Insurance4,680Accounts Payable12,300Cash18,040Notes Payable97,780Equipment62,400Accumulated Depreciation—Equipment18,720Land67,000Interest Payable2,600Insurance Expense780Service Revenue17,180Depreciation Expense7,360Interest Expense2,600$306,180$306,180(b)Comment on the liquidity of the company.

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