Prepare closing entries and a post closing trial balance. The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2015, the end of its fiscal year. 1 Prepare the December 31, 2015, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2 Prepare the December 31, 2015, post closing trial balance for Cruz Company.

12 Pe 126 Suppliet 12 Propald nsurance 167 Equlpmene 160 Accumulated deprectat on-Equyrrert 301 T Crua, Capital 302 T. Crut. Withdrawals 404 Servkes rsvenue 612 Deprecution exponse-Equpmemt 622 Salartes expense 637 Insurance expenve 640 Rent expense 652 Supplies expensa... rseo $99,100 9 ve Totak