The completed financial statement columns of the worksheet for Crane Company are shown as follows:

Crane Company Worksheet For the Year Ended December 31, 2020
				Income Statement				Balance Sheet
Account No.		Account Titles		Dr.		Cr.		Dr.		Cr.
101		Cash						8,800
112		Accounts Receivable						10,800
130		Prepaid Insurance						3,000
157		Equipment						24,500
158		Accumulated DepreciationEquip.								4,600
201		Accounts Payable								9,200
212		Salaries and Wages Payable								2,600
301		Owners Capital								20,000
306		Owners Drawings						12,100
400		Service Revenue				60,500
622		Maintenance and Repairs Expense		1,600
711		Depreciation Expense		3,100
722		Insurance Expense		1,800
726		Salaries and Wages Expense		29,800
732		Utilities Expense		1,400
		Totals		37,700		60,500		59,200		36,400
		Net Income		22,800						22,800
				60,500		60,500		59,200		59,200

Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.)

Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.)

Prepare a post-closing trial balance.

No. 301 1/1 Ba 12/31 12/31 Bal. Owner's Drawings No. 306 Income Summary No. 350 Service Revenue No. 400 No. 622 Depreciation Expense Insurance Expense No. 722 Salaries and Wages Expense No. 726 No. 732