MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: Account No. 101 Cash 124 Shop supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation, equipment 201 Accounts payable 210 Wages payable Mike Yang, capital Mike Yang, withdrawals Repair revenue 301 302 401 612 Depreciation expense, equipment 623 637 640 650 690 Wages expense Insurance expense Rent expense Office supplies expense Utilities expense Totals Required 1. Prepare closing entries. Debit $ 27,900 1,750 4,100 87,500 Credit $ 7,400 18,900 8,760 139,000 156,730 35,500 8,400 104,400 1,850 51,850 4,700 2,840 $330,790 $330,790

MY Autobody's adjusted trial balance on December 31, 2023, appears in the work sheet as follows: Required 1. Prepare closing entries