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	8,500
Accumulated DepreciationEquipment	3,200
Common Stock	2,800
Cash	3,300
Depreciation Expense	1,600
Dividends	1,600
Equipment	10,900
Income Tax Expense	1,700
Income Taxes Payable	1,700
Rent Expense	1,700
Retained Earnings	4,300
Salaries and Wages Expense	7,900
Service Revenue	19,500
Unearned Revenue	1,800

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.)

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

c.

Prepare the classified balance sheet at December 31, 2015. (Amounts to be deducted should be indicated by a minus sign.)

T.O's DANCE STUDIO
Balance Statement
At December 31, 2015
Assets		Liabilities and Stockholders Equity
Current Assets:	.	Liabilities:	.
		Current Liabilities:
Total Current Assets	0
		Total Liabilities	0
Equipment, Net		Stockholders' Equity
		Total Stockholders' Equity	0
Total Assets	$0	Total Liabilities and Stockholders' Equity	$0