pvn.2 Following are accounts and year-end adjusted balances of Cruz Company as of December 31.Number Account Title101Cash126Supplies128Prepaid insurance167Equipment168 Accumulated depreciation Equipment307318319403612622637640652Common stockRetained earningsDividendsServices revenueDepreciation expense-EquipmentSalaries expenseInsurance expenseRent expenseSupplies expenseTotalsRequired 1Required 2Debit$ 18,00014,5002,00023,0006,0002,00026,2351,8903,0151,485$ 98,125CRUZ COMPANYPost-Closing Trial BalanceDecember 311. Prepare the December 31 closing entries. The account number for Income Summary Is 901.2. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $38,600 on December 31of the prior year.Complete this questions by entering your answers in the tabs below.DebitCredit$ 6,5008,02538,600Credit45,000$ 98,125Prepare the December 31 post-closing trial balance. Note: The Retained Eamings account balance was $38,600 on December31 of the prior year.27

Name: pvn.2 Following are accounts and year-end adjusted balances of Cruz Co
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Description: pvn.2 Following are accounts and year-end adjusted balances of Cruz Company as of December 31.Number Account Title101Cash126Supplies128Prepaid insurance167Equipment168 Accumulated depreciation Equipment307318319403612622637640652Common stockRetained

Closing entries are journal entries that are passed at the end of accounting period to transfer the…

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Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title 101 Cash 126 128 167 Supplies Prepaid insurance Equipment 168 Accumulated depreciation-Equipment 307 318 319 403 612 622 637 640 652 Common stock Retained earnings Dividends Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense Totals Required 1 Required 2 Debit $ 18,000 14,500 2,000 23,000 CRUZ COMPANY Post-Closing Trial Balance December 31 6,000 2,000 26,235 1,890 3,015 1,485 $ 98,125 1. Prepare the December 31 closing entries. The account number for Income Summary Is 901. 2. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $38,600 on December 31 of the prior year. p Complete this questions by entering your answers in the tabs below. Debit Credit $ 6,500 8,025 38,600 45,000 Prepare the December 31 post-closing trial balance. Note: The Retained Eamings account balance was $38,600 on December 31 of the prior year. $ 98,125 Credit s