The following adjusted trial balance contains the accounts and year$-$end balances of Cruz Company $($a sole proprietorship$)$ as of December $31.$

Notes:

Prepare the closing entries in the logical order we studied.

The accounts in the post$-$closing trial balance should be in the same order as in the adjusted trial balance.

$\backslash$table$[[$No$.,$Account Title,Debit,Credit$],[101,$Cash,$$18,000,],[126,$Supplies,$13,800,],[128,$Prepaid insurance,$2,000,],[167,$Equipment,$23,000,],[168,$Accumulated depreciation$-$Equipment,,$$6,500$