Question 1 View Policies Current Attempt in Progress The adjusted trial balance for Crane Company is presented below. CRANE COMPANY Adjusted Trial Balance August 31, 2021 Account Titles Debit Cash $12,000 Accounts receivable 7,300 Equipment 11,500 Credit August 31, 2021 Account Titles Debit Credit Cash $12,000 Accounts receivable 7,300 Equipment 11,500 Accumulated depreciation equipment $5,400 Accounts payable 2,200 Unearned revenue 1,000 S. Strong, capital 40,300 S. Strong, drawings 11,500 Service revenue 37,100 Rent revenue 6,900 Depreciation expense 2,400 Salaries expense 37,900 Utilities expense 10,300 $92,900 $92,900 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit ig. 31 (To close revenue accounts) ig. 31 Prepare T accounts for the accounts affected by the closing entries. Post the closing entries. (Post entries in the order of journal entries presented in the previous part.) Income Summary S. Strong, Capital Prepare a post-closing trial balance at August 31, 2021. (List only those accounts that have an ending balance.) CRANE COMPANY Post-Closing Trial Balance Debit Credit