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MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. 101 124 Account Cash Shop supplies 128 Prepaid
MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. 101 124 Account Cash Shop supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation, equipment 201 Accounts payable 210 Wages payable 301 Mike Yang, capital 302 Mike Yang, withdrawals 401 Repair revenue 612 Depreciation expense, equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 office supplies expense 690 Utilities expense Totals Required 1. Prepare closing entries. View transaction list Debit $ 28,600 Credit 2,100 4,800 91,000 $ 8,100 19,600 9,460 146,000 39,000 163,030 9,100 105,100 2,200 55,350 5,400 3,540 $346,190 $346,190 Journal entry worksheet 1 2 3 4 Record closing of revenue to the income summary. Note: Enter debits before credits. Date Dec. 31, 2020 Account Title Debit Credit Record entry Clear entry View general journal 2. Prepare the post-closing trial balance at December 31, 2020. MY AUTOBODY Post-Closing Trial Balance December 31, 2020 Debit Credit Totals $ $ 0
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