2. (1/151) Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances) to prepare closing journal entries and then post those entries to ledger accounts. General Ledger M. Muncel, Capital Acct. No. 301 Salaries Expense Acct. No. 622 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 40,000 20,000 M. Muncel, Withdrawals Acct. No. 302 May 31 G2 Insurance Expense PR Acct. No. 637 Date PR Debit Credit Balance Date Debit Credit Balance May 31 G2 22.000 May 31 G2 4,400 Services Revenue Acct. No. 401 Rent Expense Acct. No. 640 Date PR Debit Credit Balance Date PR Debit Credit Balance 8,400 May 31 G2 Depreciation Expense Date PR Debit 76,000 Acct. No. 603 Balance May 31 G2 Income Summary Acct. No. 901 Credit Date PR Debit Credit Balance | May 31 G2 15,000