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, eee 126 Supplies 10,6ee 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 3e7 Common stock 10,389 318 Retained earnings 34,609 319 Dividends 6,000 404 Services revenue 36,800 612 Depreciation expense-Equipment 2. eee 622 Salaries expense 21,454 637 Insurance expense 1,546 640 Rent expense 2,466 652 Supplies expense 1,214 Totals $88, 289 $88, 289 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 $34,600 on December 31 of the prior year Journal entry worksheet 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit 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 Record entry Clear entry View general journal Journal entry worksheet