File Home 9. 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 Compar Cruz, Capital account balance was $47,600 on December 31 of the prior year. Debit Credit No. Account Title 101 $19,000 13,000 3,000 24,000 . $ 7,500 47,600 7.000 Cash.... Supplies..... Prepaid insurance. Equipment..... Accumulated depreciation-Equipment A. Cruz, Capital .... A. Cruz, Withdrawals. Services revenue Depreciation expense-Equipment Salaries expense. Insurance expense Rent expense Supplies expense Totals. 126 128 167 168 301 302 404 612 622 637 640 652 44,000 3,000 22,000 2,500 3,400 2,200 $99,100 $99,100 IF |