The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Credit Debit $18,000 12,800 2,000 23,000 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals $ 6,500 6,810 39,600 6,000 39,600 2,000 23,087 1,663 2,653 1, 307 $92,510 $92,510 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 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. T ( 1 2. 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record the entry to close expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 ww Record the entry to close income summary account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record the entry to close the dividends account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 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. CRUZ COMPANY Post-Closing Trial Balance December 31 Debit Credit Totals