The following adjusted trial balance contains the accounts and balances of Showers Company as of December 31, 2005, the end of its fiscal year. (1) Prepare the December 31, 2005, closing entries for Showers Company. (2) Prepare the December 31, 2005, post-closing trial balance for Showers Company.

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No. 101 Cash Account Title Debit Credit $18,000 126 Supplies 12,000 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 301 R. Showers, Capital 46,600