Exercise 4-9 Preparing closing entries and a post-closing trial balance P2 Following are accounts and year-end page 150 adjusted balances of Cruz Company as of December 31. 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. 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. 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.. $ 7,500 301 A. Cruz, Capital... 47,600 302 A. Cruz, Withdrawals.. 7,000 403 Services revenue 44,000 612 Depreciation expense-Equipment.. 3,000 622 Salaries expense... 22,000 637 Insurance expense 2,500 640 Rent expense 3,400 652 Supplies expense 2,200 Totals.... $99.100 $99,100