Preparing closing entries and a post$-$closing trial balance P$2$

page $150$

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.