The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title 101 Cash Debit $18,000 Credit 126 Supplies 8,300 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 301 A. Cruz, Capital 42,597 302 A. Cruz, Withdrawals 6,000 404 Services revenue 37,100 612 Depreciation expense-Equipment 2,000 622 Salaries expense 21,629 637 Insurance expense 1,558 640 Rent expense 2,486 652 Supplies expense Totals 1,224 $86,197 $86,197 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $42,597 on December 31 prior year. Isaction list Journal entry worksheet < 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the entry to close expense accounts. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal L Journal entry worksheet < 1 2 3 4 Record the entry to close income summary account. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 3 4 Record the entry to close the withdrawals account. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $42 of the prior year. Totals CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit $ < Required 1 Required 2 13