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Following are accounts and year-end adjusted balances of Cruz Company as of December 31. ...

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Accounting

Following are accounts and year-end adjusted balances of Cruz Company as of December 31.
Number Account Title Debit Credit
101 Cash $ 18,000
126 Supplies 10,100
128 Prepaid insurance 2,000
167 Equipment 23,000
168 Accumulated depreciationEquipment $ 6,500
307 Common stock 9,103
318 Retained earnings 32,600
319 Dividends 6,000
403 Services revenue 46,900
612 Depreciation expenseEquipment 2,000
622 Salaries expense 27,343
637 Insurance expense 1,970
640 Rent expense 3,142
652 Supplies expense 1,548
Totals $ 95,103 $ 95,103
Prepare the December 31 closing entries. The account number for Income Summary is 901.
Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $32,600 on December 31 of the prior year.

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