152 Chapter 4 Completing the Accounting Cycle Preparing closing entries and a post-closing trial balance P2 P3 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company Count number for Income Summary is 901. () Prepare the December 31 post.closing trial balans for Crus Company. Note: The A. C. Copia account balance was 547.600 on December 31 of the year Crede Ne 101 125 11.000 167 20.000 Cash Supplies Prepare Equipment Acced depreciatio-opert A Crut Capital A withdrawal $ 7.500 7.000 168 301 302 404 612 44.000 Depreciation expense-Equipment Salves expense Imrance expense 2.000 22 000 2500 3000 2.200 $ 100 640 Check DA CEC ending, 551.500 Total deb, 5000 Suportes expense Total $99.100 Exercise 4-10 Entering data for closing entries and a post-closing trial balance P2 P3 The adjusted trial balance for Salon Marketing Co.follows. Complete the four right-most columns of the table by (1) entering information for the four closing entries (keyed through 4) in the middle columns and (2) completing the post-closing trial balance columns. Adjusted Trial Balance Closing Entry Information NO Account The Post-Closing Trial Balance CE Dr Dr. Cr. Dr. $9.200 25.000 42.000 101 106 153 154 4200 250 4 $17.500 17570 31.000 15.000 4.200 3.600 68.500 IS 4) Accounts receivable Equipment Accumulated depreciation-E Land Accounts payable Salaries payable Unearned fees E. Salon, Capital E. Salon, Withdrawal Marketing fees camed Depreciation expense-Equipment Sweepers 3600 201 209 233 301 302 401 611 622 640 677 901 15.400 80,000 15400 DUD 12,000 37,500 13,000 8,700 no Miscellaneous expenses Income summary Total $180,00 $138 800 Exercise 4-11 Preparing facial statements C3 Use the following adjusted year-end trial balance at December 31 of Wilson Trucking Company to pre- pare the (1) income statement and (2) statement of owner's equity for the year ended December 31. The K. Wilson, Capital account balance was $175,000 at December 31 of the prior year