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

No.	Account		Debit			Credit
101	Cash	$	28,200
124	Shop supplies		1,900
128	Prepaid insurance		4,400
167	Equipment		89,000
168	Accumulated depreciation, equipment				$	7,700
201	Accounts payable					19,200
210	Wages payable					9,060
301	Mike Yang, capital					142,000
302	Mike Yang, withdrawals		37,000
401	Repair revenue					159,430
612	Depreciation expense, equipment		8,700
623	Wages expense		104,700
637	Insurance expense		2,000
640	Rent expense		53,350
650	Office supplies expense		5,000
690	Utilities expense		3,140
	Totals	$	337,390		$	337,390

Required 1. Prepare closing entries.

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