Saved Question 7-ACH MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. Account Debit 101 Cash Credit $ 28,100 124 Shop supplies 1,850 128 Prepaid insurance 4,300 167 Equipment 88,500 168 Accumulated depreciation, equipment $ 7,600 201 Accounts payable 19,100 210 Wages payable 8,960 9 301 Mike Yang, capital 141,000 302 Mike Yang, withdrawals 36,500 401 Repair revenue 158,530 612 Depreciation expense, equipment 8,600 623 Wages expense 104,600 637 Insurance expense 1,950 640 Rent expense 52,850 650 Office supplies expense 4,900 690 Utilities expense 3,040 Totals $335,190 $335,190 Required 1. Prepare closing entries