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Accounting

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Following are accounts and year-end adjusted balances of Cruz Company as of December 31 . 1. Prepare the December 31 closing entries. The account number for income Summary is 901 2. Prepore the December 31 postciosing thal batance. Note. The fetained Earnings account balance was $37,600 on December 31 or the prioryear. Complete this questions by antering your answers in the tabs below. Prepare the December 31 closing entries. The account number for Income Summary is 901 . Journal entry worksheet 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $37,600 on 31 of the prior year

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