SRP Ltd has the following unadjusted trial balance as at 31 Dec 2015.

Cash 19,600[debit amount]

Accounts Receivable 7,000[Debit balance]

Supplies 1,300[Debit balance]

Prepaid Insurance 900[Debit balance]

Equipment 27,000[Debit balance]

Accumulated Depreciation12,000 [ Credit balance]

Other Assets 5,100[ Debit balance]

Accounts Payable7,500[ Credit balance]

Share Capital (3000 shares outstanding all year)16,000 [Credit balance]

Retained Profit10,300 [ Credit balance]

Service Revenue48,000 [credit balance]

COGS 32,900[Debit balance]

Total 93,800

Note: Data not yet recorded as at 31 Dec 2015 includes the following five (5) transactions:

1) Depreciation expense for 2015 was $3,000.

2) Insurance expired during 2015 was $450.

3) Wages earned by employees but not yet paid on 31 December 2015 was $2,100.

4) The supplies count on 31 December 2015 reflected $800 remaining supplies on hand to be used in 2016.

5) Income tax expense was $3,150.

Required:

1) Record the 2015 adjusting entries.

2) Make income statement and a classified balance sheet for 2015 to include the effect of the five (5) transactions listed above.

3) Prepare closing entries.