Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 No. Account Title Debit Credit 101 Cash 126 Supplies $18,000 8,200 128 Prepaid Insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $6,500 307 Common stock 1,743 318 Retained earnings 39,600 319 Dividends 6,000 404 Services revenue 41,300 612 Depreciation expense-Equipment 2,000 622 Salaries expense 24,078 637 Insurance expense 1,735 640 Rent expense 2,767 652 Supplies expense Totals 1,363 589,143 $89,143 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 $39,600 on December 31 of the prior year Answer is not complete. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, dosing entries for Cruz Company. Assume the account number for Income Summary is 901. No Date - 1 Dec 31 Services revenue Income summary General Journal Debit Credit 41.300 0 41.300 Required 2> < Prev 35 Next > ASUS THE