2 No. 10 The following adjusted trial balance contains the accounts and year-end boences of Cruz Company as of December 31 Account Title Debit Credit 101 Cash $18,000 126 Supplies 14.400 128 Prepaid insurance 2.000 167 Equipent 23,000 168 Accumulated depreciation Equipment $ 6,50 307 con stock 5,640 318 retained earnings 41,600 319 Dividends 5.000 4e4 Services revenue 42,400 612 Depreciation expense- Tipent 2,90 622 Salaries expense 24,719 637 Insurance expense 1,781 640 Rent expense 2.341 652 Supplies expense 1,309 Totals 586,140 596,140 9 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $41600 on December 31 of the prior year