The following adjusted trial balance contains the accounts and year$-$end balances of Cruz Company as of Decemper s$.$

Prepare the December $31,$ closing entries for Cruz Company. Assume the account number for Income Summary is $901.$

Prepare the December $31,$ post$-$closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $$40,$

on December $31$ of the prior year.

The following adjusted trial balance contains the accounts and year$-$end balances of Cruz Company as of December $31.$

Prepare the December $31,$ closing entries for Cruz Company. Assume the account number for Income Summary is $901.$

Prepare the December $31,$ post$-$closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $$40,600$

on December $31$ of the prior year.