5) Following are selected accounts and their balances for a company after the adjustments May 31, the end of its fiscal year. (All accounts have normal balances) Stom L. Storm, Withdrawals Fees earned.. $40,000 6.30 nsurance expense Utilities expense Supplies expense.. Supplies payable 520 es payable.. 47 Prepare all the necessary closing entries for this company General Journal Debit Credr Account Name