CLOSING ENTRIES BUSINESS CONSULTING COMPANY. Adjusted Trial Balance December 31, 2015 Account Name Debit Credit Cash $ 85,550 Accounts receivable 4.700 Prepaid building rent 1.500 Unexpired insurance 3.600 Supplies 250 Equipment 9,000 Accumulated depreciation - equipment $ 3.600 Notes payable 5.000 Accounts payable 1,600 Salaries payable 2.000 Income taxes payable 3,000 Uncamned service revenue 4.400 Capital stock 50,000 Retained camings 20.000 Dividends 3.000 Service revenue earned 82,500 Salaries expense 42.500 Supplies expense 1,950 Rent expense 6,000 Insurance expense 950 Advertising expense 250 Depreciation expense - equipment 900 Interest expense 450 Income taxe expense 11.500 Totals $ 172,100 $ 172,100 Required: Using above trial balance, prepare a) Journalize the closing entries required at December 31, 2015 b) Post to the entries in the journal to the relevant accounts in the ledger c) Post-Closing Trial Balance at December 31, 2015