Following are accounts and year-end adjusted balances of THE Company as of December 31. Number Account Title 101 Cash 126 128 Supplies Prepaid insurance. 167 Equipment 168 Accumulated depreciation-Equipment 307 318 319 403 612 622 637 640 652 Common stock Retained earnings Dividends Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense Totals Debit $ 18,000 9,100 2,000 23,000 Required 1 Required 2 6,000 2,000 25,186 1,814 2,894 1,426 $ 91,420 View transaction list Credit $ 6,500 120 41,600 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 Retained Earnings account balance was $41,600 on December 31 of the prior year. 43,200 Complete this questions by entering your answers in the tabs below.

Following are accounts and year-end adjusted balances of THE 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 Retained Earnings account balance was $41,600 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Prepare the December 31 closing entries. The account number for Income Summary is 901