The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. 101 Cash 126 Supplies Account Title Debit Credit $18,000 13,500 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 387 Cormon stock 2,000 23,000 $ 6,500 318 Retained earnings 6,528 39,600 319 Dividends 6,080 484 Services revenue 43,200 612 Depreciation expense-Equipment 2,000 622 Salaries expense 25,186 637 Insurance expense 1,814 640 Rent expense 2,894 652 Supplies expense Totals 1,426 $95,820 $95,820 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 $39,600 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 View journal entry worksheet No Date General Journal 1 Dec 31 Services revenue Income summary 2 Dec 31 Income summary Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense 3 Dec 31 Income summary Retained eamings 4 Dec 31 Retained eamings Dividends Required 1 Required 2 > Debit Credit 43,200 43,200 33,320 2,000 25,186 1,814 2,894 1,426