Dillan's Tailoring Services' adjusted trial balance on December 31, 2014, appears as follows:

Required
1. Prepare closing entries.
2. Prepare a post-closing trial balance.

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No Account Debit Credit 10 Cash.... 125 Store supplies 128Prepaid insurance 167 Equipment 15,500 6,500 3,800 61,000 19,700 39,400 6,400 23,300 201 Accounts payabe 210 Wages payable 30 Vy Dillarn, capital 302 Vy Dillan, withdrawals 401 Sewing fees earned 612 Depreciation expense, equipment... . 623 Wages expense 637 Insurance expense. 640 Rent expense 651 Stoe supplies expense 690 Utilities expense 32,000 109,920 5,400 61,200 2,200 4,800 2,600 3,720 Totals $198,720 $198,720