The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 14,100 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation- Equipment $ 6,500 301 A. Cruz, Capital 49,305 302 A. Cruz, Withdrawals 6,000 404 Services revenue 33,800 Depreciation expense- Equipment 2,000 622 Salaries expense 19,705 637 Insurance expense 1,420 640 Rent expense 2,265 652 Supplies expense 1, 115 Totals $89,605 $89, 605 612 1. Prepare December 31, closing entries Cruz Company. Assume the account num for Incon mary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $49,305 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required Required 1 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list Journal entry worksheet 1 2 3 4 > Record the entry to close revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31, No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 14,100 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation- $ 6,500 Equipment Capital 49,305 302A. Cruz, Withdrawals 6,000 404 Services revenue 33,800 612 Depreciation expense Equipment 2,000 622 Salaries expense 19,705 637 Insurance expense 1,420 640 Rent expense 2,265 652 Supplies expense 1,115 Totals $89,665 $89,605 301 A. Cruz, 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 $49,305 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required Required Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $49,305 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals