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AccountingI Chapter 4 Completing the Accounting Cycle The following adjusted trial balance contains the accounts an , 2017, closing entries balances of Cruz Company as

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AccountingI Chapter 4 Completing the Accounting Cycle The following adjusted trial balance contains the accounts an , 2017, closing entries balances of Cruz Company as of December 31, 2017, the end of its fiscal year. (1) Prepare the Assume the account number for Income Summary is closing trial balance for Cruz Company. 901. (2) Prepare the December 31, 2017, post Debit Credit No. 101 Cash. 126 Supplies Account Title $19,000 13,000 3,000 $ 7,500 47,600 301 T. Cruz, Capital 7,000 404 Services revenue 44,000 3,000 . . . . 22,000 640 Rent expense 3,400 2.200 usted trial balance for Salon Marketing Co. follows. Complete the four right-most colum first entering information for the four closing entries (keyed I through 4) and second by ost-closing trial balance

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