Chapter 4 Problem (Day 8) i Saved Help Save & Exit Submit MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No . Account Debit Credit 101 Cash $ 28, 500 124 Shop supplies 2, 050 128 Prepaid insurance 4, 700 167 Equipment 90, 500 168 Accumulated depreciation, equipment $ 8 , 000 201 Accounts payable 19 , 500 210 Wages payable 9, 360 301 Mike Yang, capital 145 , 000 302 Mike Yang, withdrawals 38 , 500 401 Repair revenue 162, 130 612 Depreciation expense, equipment 9, 000 623 Wages expense 105 , 000 637 Insurance expense 2, 150 540 Rent expense 54 , 850 650 Office supplies expense 5 , 300 590 Utilities expense 3 , 440 Totals $343 , 990 $343, 990 Required 1. Prepare closing entries. View transaction list Journal entry worksheet 2 3 4 Record closing of revenue to the income summary.Chapter 4 Problem (Day 8) 0 Saved Help Save 8. Exit Submit Totals $343,990 $343,990 . 1 Required 1. Prepare closing entries. w transaction list Journal entry worksheet Record closing of revenue to the income summary. Note: Enter debits before credits. Record entry Clear entry View general journal Chapter 4 Problem (Day 8) i Saved Help Save & Exit Submit Record entry Clear entry View general journal 2. Prepare the post-closing trial balance at December 31, 2020. MY AUTOBODY Post-Closing Trial Balance December 31, 2020 Debit Credit Cash $ 28,500 Shop supplies 2,050 Prepaid insurance 4,700 Equipment 90,500 Accumulated depreciation, equipment $ 8.000 Accounts payable 19,500 Wages payable 9,360 Mike Yang, capital Totals $ 125,750 $ 36,860