Create closing entries and a post closing trial balance from the following:

Statement of Owners Equity
Owner's Equity	$ 20,250.00
Add: Additional Investment	$ -
Add: Net Income	$ 8,915.00
Subtotal	$ 29,165.00
Less: Owner Withdrawals	$ 4,500.00
Owner's Equity	$ 24,665.00

Balance Sheet
Assets:
Cash		$ 8,875.00
Accounts Receivable		$ 3,450.00
Prepaid Rent		$ 3,000.00
Prepaid Rent		$ 1,650.00
Supplies		$ 1,020.00
Salaries Payable		$ 120.00
Equipment		$ 9,300.00
TOTAL		$ 27,415.00
Liabilities:
Accounts Payable		$ 1,000.00
Unearned Fees		$ 1,750.00
Total Liabilities		$ 2,750.00
Equity:
Dustin Larkin, Capital		$ 24,665.00
Retained Earning		$ -
Total Equity		$ 24,665.00
Total Liabilities & Equity		$ 27,415.00

Income Statement
Revenues:
Fees earned		$ 12,675.00
Expenses:
Salary Expense	$ 680.00
Misc. Expense	$ 120.00
Utility Expense	$ 330.00
Rent Expense	$ 1,500.00
Insurance Expense	$ 150.00
Supplies Expense	$ 980.00
Total Expenses		$ 3,760.00
Net Income		$ 8,915.00