The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 No. A

[answerhappygod]

The Following Adjusted Trial Balance Contains The Accounts And Year End Balances Of Cruz Company As Of December 31 No A 1 (31.32 KiB) Viewed 106 times

The Following Adjusted Trial Balance Contains The Accounts And Year End Balances Of Cruz Company As Of December 31 No A 2 (38.15 KiB) Viewed 106 times

The Following Adjusted Trial Balance Contains The Accounts And Year End Balances Of Cruz Company As Of December 31 No A 3 (73.53 KiB) Viewed 106 times

The Following Adjusted Trial Balance Contains The Accounts And Year End Balances Of Cruz Company As Of December 31 No A 4 (75.67 KiB) Viewed 106 times

The Following Adjusted Trial Balance Contains The Accounts And Year End Balances Of Cruz Company As Of December 31 No A 5 (75.86 KiB) Viewed 106 times

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31 No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 11, 800 128 Prepaid insurance 2.000 167 Equipent 23.000 168 Accumulated depreciation-Equipent $ 6,500 307 Connon stock 10,865 318 Retained earnings 34.600 319 Dividends 6.000 404 Services revenue 39, 400 612 Depreciation expense-Equipnent 2,000 622 Salaries expense 22,970 637 Insurance expense 1.655 640 Rent expense 2, 640 652 Supplies expense 1,300 Totals $91, 365 $91, 365 1. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901. 2. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $34.600 on December 31 of the prior year.

Required 1 Required 2 Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is View transaction list Journal entry worksheet 1 2 3 Record the entry to close revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal

< 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Joumal Debit Credit Dec 31 101: Cash 126: Supplies 128: Prepaid insurance Record et 167: Equipment View general journ

1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 307: Common stock 318: Retained earnings 319: Dividends 404: Services revenue 612: Depreciation expense-Equipment Record en View general jour an

1 2. N 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 622: Salaries expense 637: Insurance expense 640: Rent expense 652: Supplies expense Record er 901: Income summary View general jour