1. Prepare closing entries.

2. Prepare the post-closing trial balance at December 31, 2020.

MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. 101 124 128 167 168 201 210 301 302 401 612 623 637 640 650 690 Account Cash Shop supplies Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Wages payable Mike Yang, capital Mike Yang, withdrawals Repair revenue Depreciation expense, equipment Wages expense Insurance expense Rent expense office supplies expense Utilities expense Totals Debit Credit $ 28,900 2,250 5,100 92,500 $ 8,400 19,900 9,760 149,000 40,500 165,730 9,400 105,400 2,350 56,850 5,700 3,840 $352,790 $352,790