MY Auto body's adjusted trial balance on December 31, 2014, appears in the work sheet as follows:

Required
1. Prepare closing entries.
2. Prepare the post-closing trial balance at December 31, 2014.

Transcribed Image Text:

O. Account Debit Credit 28,000 1,800 4,200 168 Accumulated depreciation, equipment... 201 Accounts payable. 210 Wages payable.... 30 Mike Yang, capita. . . 302 Mike Yang, withdrawals. 401 Repairfees earned.. 612 Depreciation expense, equipment 7,500 19,000 8,860 140,000 157,630 8,500 1,900 640 Rent expense..52,350 4,800 2,940 650 Office supplies expens... Total.