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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

image text in transcribed 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 $47,600 on December 31 of the prior year

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