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

LS d edi- No. Account Title Debit Credit 101 Cash $18, 000 126 Supplies 11, 100 128 Prepaid insurance 2, 000 167 Equipment 23, 000 168 Accumulated depreciation-Equipment $ 6,500 301 A. Cruz, Capital 46, 664 302 A. Cruz, Withdrawals 6, 000 404 Services revenue 32 , 500 612 Depreciation expense-Equipment 2, 000 622 Salaries expense 18 , 948 637 Insurance expense 1 , 365 640 Rent expense 2 , 178 652 Supplies expense 1, 073 Totals $85 , 664 $85 , 664 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: A. Cruz, Capital was $46,664 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 listPrepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. View transaction list Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits. Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 4 Record the entry to close expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journalView transaction list Journal entry worksheet 1 2 3 4 Record the entry to close income summary account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journalView transaction list Journal entry worksheet 1 2 3 Record the entry to close the withdrawals account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal