$2)$ Prepare the financial statements: Income Statement, Statement of Owner's Equity $($no additional investment$)$ and CLASSIFIED Balance Sheet $($Use ABC Co$.$ as company name for headings$)$

$3)$ Journalize the closing entries

$4)$ Post the closing entries to the t$-$accounts

$5)$ Prepare the post$-$closing trial balance$149$

Acctg I and II

$150$ Chapter $4$ Completing the Accounting Cycle

Exercise $4-9$

Preparing closing entries and a post$-$closing trial balance $P2$

Following are accounts and year$-$end adjusted balances of Cruz Company as of December $31.$

Prepare the December $31$ closing entries. The account number for Income Summary is $901.$

Prepare the December $31$ post$-$closing trial balance. Note: The A$.$ Cruz, Capital account balance was $$47,600$ on December $31$ of the prior year.

$\backslash$table$[[$No$.,$Account Title,Debit,Credit$],[101,$Cash......,$$19,000,],[126,$Supplies..........,$13,000,],[128,$Prepaid insurance.,$3,000,],[167,$Equipment.................. $...,24,000,],[168,$Accumulated depreciation$-$Equipment $.....,,$$$7,500$