MY Autobodys adjusted trial balance on December 31, 2023, appears in the work sheet as follows:

No.	Account		Debit			Credit
101	Cash	$	28,000
124	Shop supplies		1,800
128	Prepaid insurance		4,200
167	Equipment		88,000
168	Accumulated depreciation, equipment				$	7,500
201	Accounts payable					19,000
210	Wages payable					8,860
301	Mike Yang, capital					140,000
302	Mike Yang, withdrawals		36,000
401	Repair revenue					157,630
612	Depreciation expense, equipment		8,500
623	Wages expense		104,500
637	Insurance expense		1,900
640	Rent expense		52,350
650	Office supplies expense		4,800
690	Utilities expense		2,940
	Totals	$	332,990		$	332,990

Required: 1. Prepare closing entries.

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