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table [ [ , MY Autobody's adjusted trial balance on December 3 1 , 2 0 2 3 , appears it ] , [

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\table[[,MY Autobody's adjusted trial balance on December 31,2023, appears it],[,No.,Account,Debit,Credit],[,101,Cash,$29,000,],[\table[[25],[polnts]],124,Shop supplies,2,300,],[128,Prepaid insurance,5,200,],[167,Equipment,93,000,],[168,Accumulated depreciation, equipment,,$8,500],[201,Accounts payable,,20,000],[210,Wages payable,,9,860],[301,Mike Yang, capital,,150,000],[Print,302,Mike Yang, withdrawals,41,000,],[401,Repair revenue,,166,630],[612,Depreciation expense, equipment,9,500,],[623,Wages expense,105,500,],[_( References ),637,Insurance expense,2,400,],[640,Rent expense,57,350,],[650,Office supplies expense,5,800,],[690,Utilities expense,3,940,],[,Totals,$354,990,$354,990]]
Required
Prepare closing entries.
Journal entry worksheet
1
2
3
4
Record closing of revenue to the income summary.
Note: Enter debits before credits.
\table[[Date,Account Title,Debit,Credit]]2
25
points
\table[[Date,Account Title,Debit,Credit],[\table[[Dec.31,],[2023]],,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
Print
1
2. Prepare the post-closing trial balance at December 31,2023.
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