Use the May $31$ fiscal year$-$end information from the following ledger accounts $($assume that all accounts have normal balances$).$Following are accounts and year$-$end adjusted balances of Cruz Company as of December $31.$

Prepare the December $31$ closing entries. The account number for Income Summary is $901.$

Prepare the December $31$ post$-$closing trial balance. Note: The A$.$ Cruz, Capital account balance was $$46,843$ on December $31$ of

the prior year.

Complete this questions by entering your answers in the tabs below.

Prepare the December $31$ closing entries. The account number for Income Summary is $901.$

Journal entry worksheet

Record the entry to close revenue accounts.

Note: Enter debits before credits.

$($a$)$ Prepare closing journal entries from the above ledger accounts.

$($b$)$ Post the entries from Requirement $($a$)$ to the General Ledger accounts below. Use the transaction number from Requirement $($a$)$ as

the date.

Complete this questions by entering your answers in the tabs below.

Prepare closing journal entries from the above ledger accounts.

Journal entry worksheetPrepare the December $31$ closing entries. The account number for Income Summary is $901.$

Journal entry worksheet

Record the entry to close revenue accounts.

Note: Enter debits before credits.Complete this questions by entering your answers in the tabs below.

Prepare the December $31$ post$-$closing trial balance. Note: The A$.$ Cruz, Capital account balance was $$46,843$ on December $31$

of the prior year.

CRUZ COMPANY

Post$-$Closing Trial Balance

December $31$