d Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title 101 Cash 126 128 167 168 307 318 319 403 612 622 Salaries expense 637 Insurance expense 640 652 Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Common stock Retained earnings Dividends Services revenue Depreciation expense-Equipment Rent expense Supplies expense Totals Required 1 Required 2 Debit $ 19,000 13,000 3,000 24,000 Credit 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 $37,600 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance $ 7,500 10,000 37,600 Complete this questions by entering your answers in the tabs below. December 31 7,000 3,000 22,000 2,500 3,400 2,200 $ 99, 100 $ 99,100 44,000 Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year.

Following are accounts and year-end adjusted balances of Cruz Company as of December 31. 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 $37,600 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year. 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 $37,600 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $37,600 on December 31 of the prior year