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Following are accounts and year-end adjusted balances of Cruz Company as of December 31. 1. Prepare the December 31 closing entries. The account number for

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Following are accounts and year-end adjusted balances of Cruz Company as of December 31. 1. Prepare the December 31 closing entries. The account number for Income Summary is 901 . 2. Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $44,697 on December 31 of the prior year. Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $44,697 on December 31 of the prior year

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