Check 101 Following are accounts and year-end adjusted balances of Cruz Company as of December 31 Number Account Title Debit Credit Cash $ 18,000 126 Supplies 13, 200 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 12,605 318 Retained earnings 33,600 319 Dividends 6,800 403 Services revenue 41,800 612 Depreciation expense-Equipment 2,000 622 Salaries expense 24,369 637 Insurance expense 1,756 640 Rent expense 2,801 652 Supplies expense 1,379 Totals $ 94,505 $ 94,505 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 $33,600 on December 31 of the prior year Required 1 Required 2 Prepare the December 31 closing entries. The account number for Income Summary is 901. View transaction list Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits. General Journal Debit Date December 31 Credit Record entry Clear entry View general journal