Following are accounts and year $-$ end adjusted balances of Cruz Company as of December

Number Account Title Debit Credit

$101$ Cash $ $18,000$

$126$ Supplies $11,200$

$128$ Prepaid insurance $2,000$

$167$ Equipment $23,000$

$168$ Accumulated depreciation$-$Equipment $$6,500$

$307$ Commoristock $8,843$

$318$ Retained earnings $36,600$

$319$ Dividends $6,000$

$403$ Services revenue $37,300$

$612$ Depreciation expense$-$Equipment $2,000$

$622$ Salaries expense $21,746$

$637$ Insurance expense $1,567$

$640$ Rent expense $2,499$

$652$ Supplies expense $1,231$

Totals $ $89,243$ $ $89,243$

Prepare the December $31$ closing entries. The account number for Income Summary is

Prepare the December $31$ post $-$ closing trial balance. Note: The Retained Earnings account

balance was $$36,600$ on December $31$ of the prior year.Following are accounts and year $-$ end adjusted balances of Cruz Company as of December

Number Account Title Debit Credit

$101$ Cash $$18,000$

$126$ Supplies $11,200$

$128$ Prepaid insurance $2,000$

$167$ Equipment $23,000$

$168$ Accumulated depreciation$-$Equipment $$6,500$

$307$ Commoltstock $8,843$

$318$ Retained earnings $36,600$

$319$ Dividends $6,000$

$403$ Services revenue $37,300$

$612$ Depreciation expense$-$Equipment $2,000$

$622$ Salaries expense $21,746$

$637$ Insurance expense $1\mathrm{.}567$

$640$ Rent expense $2,499$