Question: 1. prepare closing entries. 2. prepare the post closing trial balance at December 31,2020 MY Autobody's adjusted trial balance on December 31, 2020, appears in

 1. prepare closing entries. 2. prepare the post closing trial balance

at December 31,2020 MY Autobody's adjusted trial balance on December 31, 2020,

1. prepare closing entries. 2. prepare the post closing trial balance at December 31,2020

MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: 1 10 points No. 101 124 128 167 168 201 210 301 302 401 612 623 637 640 650 690 Account Cash Shop supplies Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Wages payable Mike Yang, capital Mike Yang, withdrawals Repair revenue Depreciation expense, equipment Wages expense Insurance expense Rent expense Office supplies expense Utilities expense Debit Credit $ 28, 100 1,850 4,300 88,500 $ 7,600 19,100 8,960 141,000 36,500 158,530 8,600 104,600 1,950 52,850 4,900 3,040 $335,190 $385,190 Print Totals Required 1. Prepare closing entries, View transaction list 2. Prepare the post-closing trial balance at December 31, 2020. MY AUTOBODY Post-Closing Trial Balance December 31, 2020 Debit Credit Totals

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!