Below is an alphabetical listing of all of the accounts for T.O.'s Dance Studio on 12/31/14. Assume all adjustments have been made and all balances are "normal".

Account Balance Accounts

Payable 3,500

Accounts Receivable 8,800

Accumulated Depreciation—Equip. 3,100

Contributed Capital 2,300

Cash 3,700

Depreciation Expense 1,300

Dividends Declared 1,100

Equipment 10,700

Income Tax Expense 1,100

Income Taxes Payable1,100

Service Revenue 18,500

Rent Expense 1,500

Retained Earnings (as of 1/1/14) 4,700

Unearned Revenue 1,800

Wages Expense 6,800

a) Prepare closing entries for T.O.’s Dance Studio

b) Prepare the post-closing trial balance for T.O.’s Dance Studio.

c) Prepare the classified balance sheet for T.O.’s Dance Studio. (Amounts to be deducted should be indicated by a minus sign.)