The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year.

1. Prepare the December 31, 2017, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company.

Account Title Debit Credit No $ 18,000 101 Cash 126 Supplies 13,700 128 Prepaid insurance 167 Equipment 2,000 23,000 168 Accumulated depreciation-Equipment 301 T. Cruz, Capital 6,500 46,568 302 T. Cruz, Withdrawals 6,000 404 Services revenue 42,300 612 Depreciation expense--Equipment 622 Salaries expense 2,000 24,661 637 Insurance expense 1,777 640 Rent expense 2,834 652 Supplies expense 1,396 $ 95,368 95,368 Totals 1. Prepare the December 31, 2017, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company. Complete this questions by entering your answers in the tabs below. Required 2 Required 1 Prepare the December 31, 2017, closing entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list Journal entry worksheet 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 1. Prepare the December 31, 2017, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company. Complete this questions by entering your answers in the tabs below. Required 2 Required 1 Prepare the December 31, 2017, post-closing trial balance for Cruz Company. CRUZ COMPANY Post-Closing Trial Balance December 31, 2017 Debit Credit 0 Totals Required 2 Required 1