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The alphabetical listing below includes all of the adjusted account balances of T.O.’s Dance Studio as...

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 $ 3,800
  Accounts Receivable 9,000
  Accumulated Depreciation––Equipment 4,700
  Common Stock 3,300
  Cash 5,000
  Depreciation Expense 1,600
  Dividends 1,600
  Equipment 9,900
  Income Tax Expense 1,300
  Income Taxes Payable 1,300
  Rent Expense 1,300
  Retained Earnings 3,400
  Salaries and Wages Expense 8,200
  Service Revenue 19,600
  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.)
c.

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

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ekkarill92 answered 1 year ago
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