MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows: No. Account Debit Credit 101 Cash $ 28,300 124 Shop supplies 1,950 128 Prepaid insurance 4,500 167 Equipment 89,500 168 Accumulated depreciation, equipment $ 7,800 201 Accounts payable 19,300 210 Wages payable 9,160 301 Mike Yang, capital 143,000 302 Mike Yang, withdrawals 37,500 401 Repair revenue 160,330 612 Depreciation expense, equipment 8,800 623 Wages expense 104,800 637 Insurance expense 2,050 640 Rent expense 53,850

1. Prepare closing entries.

2. Prepare the post-closing trial balance at December 31, 2023