Dated May 31 PR Debit Account Number 301 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 Salaries Expense Date PR Debit Balance G2 85,000 May 31 G2 42,500 M. Muncel, Withdrawals Date PR Debit Account Number 302 Credit Insurance Expense Balance Date PR Debit Account Number 637 Credit Balance May 31 G2 51,000 May 31 G2 3,380 Services Revenue Date PR Debit Account Number 403 Credit Rent Expense. Account Number 640 Balance Date PR Debit Credit Balance i May 31 G2 149,770 Depreciation Expense Date May 31 PR G2 Debit Account Number 603 Credit May 31 Income Summary G2 7,360 Account Number 901 Balance Date PR Debit Credit Balance 13,000 (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. Required A Required B Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date. 301: M. Muncel, Capital Date May 31 Debit Credit Balance 85,000 302: M. Muncel, Withdrawals 0 0 Date May 31 < Prev 9 of 10 622: Salaries Expense Debit Credit Balance 42,500 0 0 637: Insurance Expense Next >