The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31,
Question:
The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2013, the end of its fiscal year.
(1) Prepare the December 31, 2013, closing entries for Cruz Company. Assume the account number for Income Summary is 901.
(2) Prepare the December 31, 2013, post-closing trial balance for CruzCompany.
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1 2013 Dec 31 Services Revenue 404 44000 Income Summary 901 44000 To close the revenue account ...View the full answer
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Related Book For 
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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