CULL credit 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 $18,000 14,500 2,000 23,000 $ 6,500 12,207 35,600 6,000 40,700 2,000 23,728 1,709 2,727 1,343 $95,007 $95, 007 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summar 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account ber 31 of the prior year. pou,ouu on December 31 of the prior year. UZ Curpary. IOT CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Cash $ 18,000 14,500 2,000 Supplies Prepaid insurance Equipment Accumulated depreciation Equipment 23,000 $ 6,500 Totals 57 500 S 6.500