work Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 0.41 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 Credit 03:29:45 Debit 13,100 2,000 23,000 Recount Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 301 A. Crus, Capital JOZ A. Crus, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 2 SUPPiese $ 6,500 45,582 6.000 43,700 2,928 $95.782 895,782 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 $45,582 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list View Journal entry worksheet Credit Debit 43.700 43.700 Record the entry to close revenue accounts. Record the entry to close expense accounts. 2,000 25.477 Record the entry to close income summary account. Record the entry to close the withdrawals account. 2,928 Exercise 4.9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 0.41 Credit Debit $10,000 13,100 2,000 23,000 (8 03:29:25) $ 6,500 45,582 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 43,700 2,000 25, 477 1,835 2,928 1.442 $95,782 $95,782 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 $45,582 on December 31 of the prior year. References Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $45,582 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit 0 $ Totals