Exerclse 3-10 Preparing closlIng entrles and a post-closing trlal 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 $18, 000 9, 400 Credit 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 Common stock 318 Retained earnings 2, 000 23, 000 S 6,500 -203 40, 600 319 Dividends 404 Services revenue 6,000 49, 100 612 Depreciation expense-Equipnent 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense 2,000 28, 625 2,062 3, 29B 1, 620 Totals S95, 997 $95, 997 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 $40,600 on December 31 of the prior year Complete this questlons by entering your answers In the tabs below. Required 1 Required 2 Prepare the December 31, closing entries for Cruz Compeny. Assume the accouunt number for Income Summary is 901 View transaction list Journal entry worksheet 1 2. 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Journal entry worksheet K 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits Credit Debit General Journal Date Dec 31 View general journal Clear entry Record entry Journal entry worksheet 1 2 4 Record the entry to close the dividends account Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry Vlew general journal