Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and year-end balances of
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 . 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: A. Cruz, Capital was $45,605 on December 31 of the prioryear. Complete this questions by entering your answers in the tabs below. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary Is 901. Journal entry worksheet 4 Note: Enter debits before credits. 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: A. Cruz, Capital was $45,605 on December 31 of t prioryear. Complete this questions by entering your answers in the tabs below. Prepare the December 31 , post-closing trial balance for Cruz Company. Note: A. Cruz, Capltal was $45,605 on December 31 of the prior year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started