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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

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