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Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial

Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: A. Cruz, Capital was $46,747 on December 31 of the prior year.Record the entry to close revenue accounts. Record the entry to close expense accounts. Record the entry to close income summary account. Record the entry to close the withdrawals account.

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