The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. 101 Cash Account Title Debit Credit $18,000 126 Supplies 13,500 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 318 Retained earnings 4,647 42,600 319 Dividends 6,000 404 Services revenue 39,100 612 Depreciation expense-Equipment 2,000 622 Salaries expense 22,795 637 Insurance expense 1,642 640 Rent expense 2,620 652 Supplies expense Totals 1,290 $92,847 $92,847 1. 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: The Retained Earnings account balance was $42,600 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list