cjgwe MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows:
No. Account Debit Credit
101 Cash $ 28,600
124 Shop supplies 2,100
128 Prepaid insurance 4,800
167 Equipment 91,000
168 Accumulated depreciation, equipment $ 8,100
201 Accounts payable 19,600
210 Wages payable 9,460
301 Mike Yang, capital 146,000
302 Mike Yang, withdrawals 39,000
401 Repair revenue 163,030
612 Depreciation expense, equipment 9,100
623 Wages expense 105,100
637 Insurance expense 2,200
640 Rent expense 55,350
650 Office supplies expense 5,400
690 Utilities expense 3,540
Totals $ 346,190 $ 346,190
Required
1. Prepare closing entries.
2. Prepare the post-closing trial balance at December 31, 2023.
