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

No. Account Debit Credit

101 Cash $ 28,600

124 Shop supplies 2,100

128 Prepaid insurance 4,800

167 Equipment 91,000

168 Accumulated depreciation, equipment $ 8,100

201 Accounts payable 19,600

210 Wages payable 9,460

301 Mike Yang, capital 146,000

302 Mike Yang, withdrawals 39,000

401 Repair revenue 163,030

612 Depreciation expense, equipment 9,100

623 Wages expense 105,100

637 Insurance expense 2,200

640 Rent expense 55,350

650 Office supplies expense 5,400

690 Utilities expense 3,540

Totals $ 346,190 $ 346,190

Required

1. Prepare closing entries.

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