k ces Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger Account Number 301 Credit Balance 92,000 Account Number 302 Credit M. Muncel, Capital Dated May 31 M. Muncel, Withdrawals Date May 31 Services Revenue PR G2 Date May 31 Depreciation Expense Date May 31 PR G2 Required A PR G2 PR G2 View transaction list Debit Required B Debit Debit Debit Balance 66,000 Account Number 403 Credit Balance 162, 104 Account Number 603 Credit Balance 18,000 Salaries Expense Prepare closing journal entries from the above ledger accounts. Date May 31 Insurance Expense Complete this questions by entering your answers in the tabs below. Date May 31 Rent Expense Date May 31 Income Summary Date PR G2 PR G2 PR G2 PR Debit (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. Debit Debit Debit Account Number 622 Credit Balance 46,000 Account Number 637 Credit Balance 4,680 Account Number 640 Credit Balance 9,960 Account Number 901 Balance Credit

Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). (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. Prepare closing foumal entries from the above ledger accounts. Prepare closing foumal entries from the above ledger accounts: Journal entry worksheet Record the entry to close revenue accounts. Notei Enier debits before crodita