The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Debit Credit $19,000 13,000 3,000 24,000 $ 7,500 47,600 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 7,000 44,000 3,000 22,000 2,500 3,400 2,200 $99, 100 $99,100 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 $47,600 on December 31 of the prior year. 1 Record the entry to close revenue accounts. 2 Record the entry to close expense accounts. 3 Record the entry to close income summary account. 4 Record the entry to close the withdrawals account. Hote: = journal entry has been entered Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $47,600 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals