The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 3,900 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 2,257 318 Retained earnings 41,600 319 Dividends 0,000 404 Services revenue 34,700 612 Depreciation expense-Equipment 2,000 622 Salaries expense 20,230 637 Insurance expense 1,457 640 Rent expense 2,325 652 Supplies expense Totals 1,145 $85,057 $85,057 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 Eamings account balance was $41,600 on December 31 of the prior year. Complete this questions by entering your answers in the tabs below 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 Journal entry worksheet > 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal > Totals $85,057 $85,057 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 $41,600 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, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $41,600 on December 31 of the prior year. CRUZ COMPANY Post-Closing Trial Balance December 31 Totals Debit Credit S 0 $