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Question
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 | $ 3,000 |
| Accounts Receivable | 8,000 |
| Accumulated DepreciationEquipment | 3,000 |
| Common Stock | 2,000 |
| Cash | 5,000 |
| Depreciation Expense | 1,000 |
| Dividends | 1,000 |
| Equipment | 9,000 |
| Income Tax Expense | 1,000 |
| Income Taxes Payable | 1,000 |
| Rent Expense | 2,000 |
| Retained Earnings | 3,000 |
| Salaries and Wages Expense | 4,000 |
| Service Revenue | 18,000 |
| Unearned Revenue | 1,000 |
Required:
Part a. Prepare the closing entries.
Part b. Prepare the post-closing trial balance as of December 31, 2015.
Part c . Prepare the classified balance sheet at December 31, 2015.
Answer
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