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		10,000
128	Prepaid insurance		2,000
167	Equipment		23,000
168	Accumulated depreciationEquipment				$	6,500
307	Common stock					7,397
318	Retained earnings					33,600
319	Dividends		6,000
404	Services revenue					49,100
612	Depreciation expenseEquipment		2,000
622	Salaries expense		28,625
637	Insurance expense		2,062
640	Rent expense		3,290
652	Supplies expense		1,620
	Totals	$	96,597		$	96,597

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 $33,600 on December 31 of the prior year.

Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record the entry to close expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 This is a numeric cell, so please enter numbers only. Record entry Clear entry View general journal Journal entry worksheet 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 journal Journal entry worksheet 1 2 3 4 Record the entry to close the dividends account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal