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Exercise 4-9 (Algo) Preparing closing entries and a post-closing trial balance LO Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Credit Debit $ 18,000 11,200 2,000 23,000 $ 6,500 45,525 Number 101 125 128 167 168 301 3e2 4e3 612 622 637 64e 652 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 37,000 2,000 21,571 1,554 2,479 1,221 $ 89,025 $ 89,025 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 $ the prior year Complete this questions by entering your answers in the tabs below. ed 1 Required 2 e the December 31 closing entries. The account number for Income Summary is 901. transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 45,525 Services revenue Income summary 45,525 2 Dec 31 Income summary Rent expense Supplies expense Salaries expense Insurance expense Dec 31 Income summary