Exercise 3-10 Preparing closing entries and a post-closing trial balance QpzP8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. (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 $37,600 on December 31 of the prior year. No. Account Title Debit Credit 101 Cash $19,000 13,000 3,000 24,000 $ 7,500 10,000 37,600 7,000 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 44,000 3,000 22,000 2,500 3,400 2,200 $99,100 $99,100