I need the entry to close expense accohnts, the entry to close revenue accounts, the entry to close income summary account, the entry to close the dividends account , and the post trial closing balence please! Following are accounts and year-end adjusted balances of Cruz Company as of December 31.
able[[Number,Account Title,Debit,Credit],[101,Cash,$18,000,],[126,Supplies,10,900,],[128,Prepaid insurance,2,000,],[167,Equipment,23,000,],[168,Accumulated depreciation-Equipment,,$6,500
Following are accounts and year-end adjusted balances of Cruz Company as of December 31
Number Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 Common stock 318 Retained earnings 319 Dividends 403 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals
Debit $18,000 10,900 2,000 23,000
Credit
$6,500 8,864 37,600
6,000
32,500
2,000 18,948 1,365 2,178 1,073 $85,464
$85,464
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 $37,600 on December 31 of the prioryear.
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Prepare the December 31 closing entries.The account number for Income Summary is 901
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