MY Autobody's adjusted trial balance on December 31, 2014, appears in the work sheet as follows: No. 101 Cash 124 Shop supplies 128 Prepaid insurance Account 167 Equipment 168 Accumulated depreciation, equipment 201 Accounts payable 210 Wages payable 301 Mike Yang, capital 302 Mike Yang, withdrawals 401 Repair fees earned 612 Depreciation expense, equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 Office supplies expense 690 Utilities expense Totals Debit $27,900 1,750 4,100 87,500 35,500 8,400 104,400 1,850 51,850 4,700 2,840 330,790 Credit $ 7,400 18,900 8,760 139,000 156,730 330,790 Required 1. Prepare closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)