Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. 101 Cash Account Title Debit $18,000 Credit 126 Supplies 9,500 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 301 A. Cruz, Capital 44,815 302 A. Cruz, Withdrawals 6,000 404 Services revenue 33,400 612 Depreciation expense-Equipment 2,000 622 Salaries expense 19,472 637 Insurance expense 1,403 640 Rent expense 2,238 652 Supplies expense 1,102 Totals $84,715 $84,715 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $44,815 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number fo View transaction list Journal entry worksheet 1 2 3 4 Record the entry to close revenue accounts. < Prev 4 of 4 Next