onnectmhed Saved Exercise 4-0 Preparing ana posung closing entries LU PA Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have M. Muncel, Capital Date General Ledger Acct. No. 301 Salaries Expense Debit Credit Balance Date PR 75,000 May 31 G2 ed May 31 PR 62 Debit Acct. No. 622 Credit Balance 37,500 ok M. Muncel, Withdrawals Date PR G2 Debit Acct. No. 302 Credit Balance 41,000 May 31 Insurance Expense Date PR May 31 G2 Debit Acct. No. 637 Credit Balance 3,650 1 nices Debit Acct. No. 401 Credit Balance 132, 150 Rent Expense Date Services Revenue Date PR May 31 Depreciation Expense Date PR 62 G2 Acct. No. 648 Debit Credit Balance 7,880 PR 62 May 31 Income Summary Debit Acct. No. 603 Credit Balance 14,000 Date PR Debit Acct. No.901 Credit Balance May 31 1. Prepare closing journal entries from the above ledger accounts 2. Post the entries from Requirement 1 to the General Ledger accounts below. Use the transaction number from Red date Complete this questions by entering your answers in the tabs below. Prev 2 of 5 il Nex