perforUsing the information below, y are at the end of the month of May, and you have to reset the temporary accounts prior to the new period starting. You have to do the closing journal entries in order to do this. Please close the appropriate accounts using the general journal and general ledger. Make sure to do a post$-$closing trial balance to ensure you are still in balance after the closing is done. Continue to use this Word document OR the Excel templates provided. Be sure to double$-$check that all temporary accounts are properly closed and not reflected on the post$-$closing trial balance.

KJO Withholdings

Adjusted Trial Balance

For Period Ended May $31$

Account Act. # Debit Credit

Cash $10178,839\mathrm{.}82$

Accounts Receivable $1052,760\mathrm{.}00$

Supplies $1081,795\mathrm{.}00$

Prepaid Insurance $1113,937\mathrm{.}50$

Equipment $1505,700\mathrm{.}00$

Accumulated Depreciation$-$ Equipment $150\mathrm{.}1210\mathrm{.}00$

Accounts Payable $2108,425\mathrm{.}00$

Unearned Service Revenue $2203,570\mathrm{.}00$

Federal Income Tax Payable $230772\mathrm{.}00$

FICA Payable $240977\mathrm{.}12$

Medicare Payable $250228\mathrm{.}52$

FUTA Payable $26066\mathrm{.}00$

SUTA Payable $27045\mathrm{.}10$

Owner Capital $30175,000\mathrm{.}00$

Owner Withdrawals $301\mathrm{.}12,000\mathrm{.}00$

Service Revenue $41016,545\mathrm{.}00$

Salaries Expense $5107,880\mathrm{.}00$

Electric Expense $520430\mathrm{.}00$

Supplies Expense $530930\mathrm{.}00$

Insurance Expense $540562\mathrm{.}50$

Depreciation Expense $550210\mathrm{.}00$

Bank Fee Expense $56025\mathrm{.}00$

Payroll Tax Expense $570713\mathrm{.}92$

Misc. Expense $58055\mathrm{.}00$

Totals$105,838\mathrm{.}74105,838\mathrm{.}74$