Exercise 4-9 (Algo) Preparing closing entries and a post-closing trial balance LO P2 Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title 101 Cash 126 128 167 168 301 302 403 612 622 637 640 652 Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment A. Cruz, Capital A. Cruz, Withdrawals Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense Totals Debit $ 18,000 11,700 2,000 23,000 6,000 2,000 27,634 1,991 3,176 1,564 $ 97,065 Credit $ 6,500 43,165 47,400 $ 97,065 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 A. Cruz, Capital account balance was $43,165 on December 31 of the prior year.

Exercise 4-9 (Algo) Preparing closing entries and a post-closing trial balance LO P2 Following are accounts and year-end adjusted balances of Cruz Company as of December 31. 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 A Cruz' Capital account balance was $43165 on December 31 or the prioryear