Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Credit Number 101 126 128 167 168 301 302 403 Debit $ 18,000 12,700 2,000 23,000 $ 6,500 44,000 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment A. Cruz, Capital A. Cruz, Withdrawals Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense Totals 6,000 48,000 612 622 637 640 652 2,000 27,984 2,016 3,216 1,584 $ 98,500 $ 98,500 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 $44,000 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. The account number for Income Summary is 901. View transaction list View journal entry worksheet X: Debit Credit 1 Record the entry to close revenue accounts. Required 2 > 2 Record the entry to close expense accounts. 3 Record the entry to close income summary account. 4 Record the entry to close the withdrawals account. Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $44,000 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals $ 0 $ 0