Following are accounts and year-end adjusted balances of Cruz Company as of December 31.

Number	Account Title	Debit	Credit
101	Cash	$ 18,000
126	Supplies	9,800
128	Prepaid insurance	2,000
167	Equipment	23,000
168	Accumulated depreciationEquipment		$ 6,500
307	Common stock		10,900
318	Retained earnings		34,600
319	Dividends	6,000
403	Services revenue		32,000
612	Depreciation expenseEquipment	2,000
622	Salaries expense	18,656
637	Insurance expense	1,344
640	Rent expense	2,144
652	Supplies expense	1,056
	Totals	$ 84,000	$ 84,000

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 $34,600 on December 31 of the prior year.