The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31

Account Title
Debit Credit
101 Cash $18,000
Supplies 9,800
Prepaid insurance 2,000
Equipment 168 23,000
Accumulated depreciation Equipment $6500
Common stock 6793
Retained earnings 35,600
Dividends 6000
Services revenue 43,300
Depreciation expense-Equipment 2000
Salaries expense 25,244
Insurance expense 1819
Rent expense 2901
Supplies expense $1429
Totals $92,193 $92,193

a. Prepare the December 31, closing entries for Cruz Company. Assume the account number for Income Summary is 901.
b. Prepare the December 31, post-closing trial balance for Cruz Company. Note: The Retained Earnings account balance was $35,600 on December 31 of the prior year.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively