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Dated PR Debit Credit Balance May 31 Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal

Dated PR Debit Credit Balance May 31 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 301 Account Number 622 Credit Balance Salaries Expense Date PR Debit G2 95,000 M. Muncel, Withdrawals May 31 G2 47,500 Account Number 302 Date Insurance Expense ook PR Debit Credit Balance Date PR Debit Account Number 637 Credit Balance May 31 G2 65,000 May 311 G2 4,940 Services Revenue Account Number 403 Rent Expense Account Number 640 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 167,390 int May 31 G2 10,480 Depreciation Expense Account Number 603 Datel May 31 PR G2 Debit Credit Balance Income Summary Date PR Debit Credit Account Number 901 Balance 19,000 (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 Prepare closing journal entries from the above ledger accounts. Che

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