1 Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title 101 Cash 8 126 Supplies points 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment eBook 307 Common stock 318 Retained earnings Hint 319 Dividends 403 Services revenue Print 612 Depreciation expense-Equipment 622 Salaries expense References 637 Insurance expense 640 652 Rent expense Supplies expense Totals Debit. $ 18,000 Credit 12,700 2,000 23,000 $ 6,500 5,975 41,600 6,000 35,000 2,000 20,405 1,470 2,345 1,155 $ 89,075 $ 89,075 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 $41,600 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. 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. View transaction list 1 Record the entry to close revenue accounts. 2 Record the entry to close expense accounts. 3 Record the entry to close income summary account. 4 Record the entry to close the dividends account. X Credit > 1 8 points eBook Hint Print References Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $41,600 on December 31 of the prior year. Totals CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit < Required 1 Required 2 >