The following adjusted trial balance contains the accounts and balances
The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2013, the end of its fiscal year.
(1) Prepare the December 31, 2013, closing entries for Cruz Company. Assume the account number for Income Summary is 901.
(2) Prepare the December 31, 2013, post-closing trial balance for CruzCompany.
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