The alphabetical listing below includes all of the adjusted account balances of T.O.s Dance Studio as of December 31, 2015. All account balances are normal.

Accounts Payable	$ 3,900
Accounts Receivable	9,400
Accumulated DepreciationEquipment	3,700
Common Stock	3,200
Cash	3,200
Depreciation Expense	1,300
Dividends	1,800
Equipment	9,400
Income Tax Expense	1,100
Income Taxes Payable	1,100
Rent Expense	1,400
Retained Earnings	3,600
Salaries and Wages Expense	8,400
Service Revenue	18,500
Unearned Revenue	2,000

Required:

a.

Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

1. Record the entry to close the income summary account.

2. Record the entry for Dividend declared $1,800.

b.	Prepare the post-closing trial balance as of December 31, 2015. (Enter all account balances, including any that may carry a zero-balance.)

T.O's DANCE STUDIO
Post-Closing Trial Balance
At December 31, 2015
Account Name	Debits	Credits
Cash
Accounts Receivable
Equipment
Accumulated DepreciationEquipment
Accounts Payable
Income Tax Payable
Unearned Revenue
Common Stock
Retained Earnings
Service Revenue
Salaries and Wages Expense
Rent Expense
Depreciation Expense
Income Tax Expense
Totals	$0	$0