Credit Debit $18,000 13,500 2,000 23,000 No. Account Title 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 $ 6,500 8,640 36,600 6,000 46,400 2,000 27,051 1,949 3,109 1,531 $98,140 $98,140 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 $36,600 on December 31 of the prior year. ces Complete this questions by entering your answers in the tabs below. Required 1 Requireg 2 Required 2 Prepare the December 1, closwig entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list View journal entry worksheet No Date General Journal Credit 1 Dec 31 Services revenue Income summary Debit 46,400 46,400 Required Required 2 > No. Account Title 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 Debit Credit $18,000 13,500 2,000 23,000 $ 6,500 8,640 36,600 6,000 46,400 2,000 27,051 1,949 3,109 1,531 $98,140 $98,140 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 $36,600 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, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $36,600 on December 31 of the prior year. CRUZ COMPANY Post-Closing trial Balance December 31 Debit Credit