The adjusted trial balance for Dillan’s Tailoring Services on December 31, 2023, appears as follows:

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

Transcribed Image Text:

No. 101 Cash 125 Store supplies 128 Prepaid insurance Account 167 Equipment 168 Accumulated depreciation, equipment 201 Accounts payable 210 Wages payable 301 Vy Dillan, capital 302 Vy Dillan, withdrawals 401 Sewing revenue 612 Depreciation expense, equipment 623 Wages expense 637 Insurance expense 640 Rent expense 651 Store supplies expense 690 Utilities expense Totals Debit Credit $ 15,500 6,500 3,800 61,000 32,000 $ 19,700 39,400 6,400 23,300 109,920 5,400 61,200 2,200 4,800 2,600 3,720 $198,720 $198,720