283,494 Other expense.net 157,811 as of December 31. (1) Prepare the December 31 closing entries for Cruz Company. Assume the ac- The following adjusted trial balance contains the accounts and year-end balances of Cruz Company Exer count 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 $37.600 on December 31 of the prior year. Prec and bal P7 No. Account Title Debit Credit $19.000 13,000 3,000 24.000 $ 7,500 10,000 37,600 101 Cash..... 126 Supplies. 128 Prepaid insurance 167 Equipment. 168 Accumulated depreciation Equipment 307 Common stock 318 Retained earnings. 319 Dividends. 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense. 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 7.000 44,000 3,000 22,000 2,500 3,400 2,200 $99,100 $99,100 285 Other expense, net 157,811 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. (1) Prepare the December 31 closing entries for Cruz Company. Assume the ac- count 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 $37,600 on December 31 of the prior year. No. Account Title Debit Credit $19,000 13,000 3,000 24,000 101 126 128 167 168 307 318 319 404 612 622 637 640 652 $ 7,500 10,000 37,600 Cash. Supplies Prepaid insurance Equipment. Accumulated depreciation--Equipment Common stock Retained earnings. Dividends.. Services revenue Depreciation expense-Equipment Salaries expense. Insurance expense Rent expense Supplies expense Totals 7,000 44,000 3,000 22,000 2,500 3,400 2,200 $99.100 $99.100