Account Number 301 Salaries Expense Dated May 31 PR Debit Credit Balance Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). M. Muncel, Capital General Ledger Account Number 622 Credit Date PR Debit Balance G2 92,000 May 31 G2 46,000 M. Muncel, Withdrawals Date PR Debit Account Number 302 Credit Insurance Expense Account Number 637 Balance Date PR Debit Credit Balance May 31 G2 61,000 Services Revenue Account Number 403 May 31 Rent Expense G2 4,680 Account Number 640 Date PR Debit Credit Balance May 31 G2 162,104 Depreciation Expense Account Number 603 Date May 31 PR G2 Debit Credit Balance Date May 31 Income Summary Date PR Debit Credit G2 Balance 9,960 PR Debit Credit Account Number 901 Balance 18,000 (a) Prepare closing journal entries from the above ledger accounts. (b) Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date. Complete this questions by entering your answers in the tabs below. Journal entry worksheet < A B C D Record the entry to close income summary account. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Income summary Record entry Clear entry View general journal Journal entry worksheet > A B C D Record the entry to close the withdrawals account. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit Record entry Clear entry View general jou Requirea A Requirea B Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as 301: M. Muncel, Capital Date May 31 Date May 31 Date May 31 Date May 31 Debit Credit Balance Date 92,000 0 May 31 0 302: M. Muncel, Withdrawals Debit Credit Balance Date 61,000 May 31 0 0 403: Services Revenue Debit 622: Salaries Expense Debit Credit Balance 46,000 0 0 637: Insurance Expense Debit Credit Balance 4,680 0 0 Credit Balance Date 640: Rent Expense Debit Credit Balance 162,104 May 31 9,960 0 0 0 0 603: Depreciation Expense Debit Credit Balance 18,000 0 0 Date 901: Income Summary Debit Credit Balance