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
Credit
$ 18,000
13,100
2,000
23,000
$ 6,500
8,918
37,600
6,000
40,300
2,000
23,495
1,693
2,700
1,330
$ 93,318
$ 93,318
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 prior year.
Complete this questions by entering your answers in the tabs below.
Required 1 Required 2
Prepare the December 31 post-closing trial balance. Note: The Retained Earnings account balance was $37,600 on December
31 of the prior year.
Totals
CRUZ COMPANY
Post-Closing Trial Balance
December 31
Debit
Credit
$ 0 $ 0