Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Credit Debit $ 18,000 8,300 2,000 23,000 Number 101 126 128 167 168 307 318 319 403 612 622 637 640 652 $ 6,500 3,685 39,600 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Common stock Retained earnings Dividends Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense Totals 6,000 34,600 2,000 20,172 1,453 2,318 1,142 $ 84,385 $ 84,385 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 Retained Earnings account balance was $39,600 on December 31 of the prior year. No Date General Journal Debit Credit 1 December 31 Services revenue 35,600 Income summary 35,600 2 December 31 2,000 1,142 Depreciation expense-Equipment Supplies expense Insurance expense Rent expense Salaries expense 1,453 2,318 20,172 3 December 31 8,517 Income summary Retained earnings 8,517 4 December 31 6,000 Retained earnings Dividends 6,000 CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals 0 $