Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title Credit 101 Cashi 126 Supplies 128 Prepaid insurance Equipment 167 168 307 Accumulated depreciation-Equipment

Comman stock 318 Retained earnings 319 Dividends 403 Services revenue 612 Depreciation expense-Equipment. 622 637 640 652 Salaries expense Insurance expense Rent expense Supplies expense Totals Debit $ 18,000 8,600 2,000 23,000 $ 6,500 5,115 36,500 41,400 6,000 2,000 24,136 1,739 2,774 1,366 $ 89,615 $ 89,615 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. Prepare the December 31 post-clasing trial balance. Note: The Retained Earnings account balance was $36,600 an December 31 of the prior year.