Exercise 4-9 (Static) 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 Supplies 128 Prepaid insurance 167 168 301 302 403 Services revenue 612 Equipment Accumulated depreciation-Equipment A. Cruz, Capital A. Cruz, Withdrawals Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 652 Rent expense Supplies expense Totals Debit $ 19,000 Credit 13,000 3,000 24,000 $ 7,500 47,600 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. 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 $47,600 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. The account number for Income Summary is 901.