The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31,
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The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year.
(1) Prepare the December 31, 2017, closing entries for Cruz Company. Assume the account number for Income Summary is 901.
(2) Prepare the December 31, 2017, post-closing trial balance for Cruz Company.
Transcribed Image Text:
No. Account Title Deblt Credit $19,000 101 (.ir 11 26 Supplies 3,000 67 Equipment. 168 Accumulated depreciation-Equipment 01 T. Cruz, Capita 302 T. Cruz, Withdrawals 04 Services revenue 24,000 $ 7,500 47,600 7,000 44,000 622 Salaries expense 22,000 2,500 3,400 2,200 652 Supplies expense Totals
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1 2017 Dec 31 Services Revenue 404 44000 Income Summary 901 44000 Clos...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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