Number Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 318 319 403 612 Depreciation expense-Equipment 622 637 640 652 Common stock Retained earnings Dividends Services revenue Salaries expense Insurance expense Required 1 Rent expense Supplies expense Totals Required 2 View transaction list 1 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $42,600 on December 31 of the prior year. Journal entry worksheet Complete this questions by entering your answers in the tabs below. 2 Debit $ 18,000 10, 100 2,000 23,000 3 6,000 Prepare the December 31 closing entries. The account number for Income Summary is 901. 4 Credit Record the entry to close revenue accounts. $ 6,500 -430 42,600 45,200 2,000 26,352 1,898 3,028 1,492 $ 93,870 $ 93,870 >