Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title Debit Credit 101 Cash $ 18,000 126 Supplies 13,700 128 Prepaid insurance 2,000 167 Equipanent 23,000 168 Accumulated depreciation-Equipment $ 6,500 301 A. Cruz, Capital 44,807 302 A. Crux, Withdrawals 6,000 403 Services revenue 48,700 612 Depreciation expense-Equipment 2,000 622 salaries expense 28,392 637 Insurance expense 2,045 640 Rent expense 3,263 652 Supplies expense 1,607 Totale 100,007 $ 100,00 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 $44,807 on December 31 of the prior year Required 1 Required 2 Prepare the December 31 closing entries. The account number for Income Summary is 901. No Date General Journal Debit Credit 1 Dec 31 48.700 Services revenue Income summary 48,700 2 Dec 31 32,367 Income summary Rent expense Supplies expense Salaries expense Insurance expense OOOOO 3,263 1,607 28.392 2,045 3 Dec 31 41,785 Income summary A Cruz, Capital 41,785 4 Dec 31 6,000 A. Cruz, Capital A. Cruz, Withdrawals 6,000 Required 1 Required 2 Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $44,807 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals $ 0 S 0