MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. 101 Account Cash Debit $ 28,700 Credit 124 Shop supplies 2,150 128 Prepaid insurance 4,900 167 Equipment 91,500 168 Accumulated depreciation, equipment $ 8,200 201 Accounts payable 19,700 210 Wages payable 9,560 301 Mike Yang, capital 147,000 302 Mike Yang, withdrawals 39,500 401 Repair revenue 163,930 612 Depreciation expense, equipment 9,200 623 Wages expense 105,200 637 Insurance expense 2,250 640 Rent expense 55,850 650 Office supplies expense 5,500 690 Utilities expense 3,640 Totals $348,390 $348,390 Required 1. Prepare closing entries. View transaction list View journal entry worksheet No Date Account Title Debit Credit 1 Dec. 31, 2020 Repair revenue 163,930 Income summary 163,930 2 Dec. 31, 2020 Income summary 181,640 Depreciation expense equipment 9,200 Wages expense 105,200 Insurance expense 2,250 2. Prepare the post-closing trial balance at December 31, 2020. MY AUTOBODY Post-Closing Trial Balance December 31, 2020 Debit Credit Totals S 0 S 0