Post the Closing Entries to the General Ledger.

May 31 Income Summary 231,710 Sales Discounts Sales Returns and Allowances Cost of Goods Sold Salaries Expense Utilities Expense Repair Supplies Expense Postage Expense Rent Expense Depreciation Expense, Delivery Truclk Depreciation Expense, Forklift Office Supplies Expense Insurance Expense Cash Short and Over Interest Expense 63 5,700 163,086 33,400 7,000 860 400 14,000 700 600 1,200 317 510 3,300 To close income statement accounts with debit balances) May 31 Interest Revenue 5,200 Debit Balance Date Credit 2016 May 31 Balance 324,081 Petty Cash Fund Debit Balance Date Credit 2016 May 31 Balance 4,500 Debit Balance Date Credit 2016 May 31 Balance 20,000 Merchandise Inventory Debit Credit Balance Date 2016 May 31 Balance 62,000 Store Supplies Debit Balance Date Credit 2016 May 31 Balance 9,500 Office Supplies Debit Balance Date Credit 2016 May 31 Balance 3,400 Prepaid Insurance Date 2016 Debit Balance Credit Prepaid Insurance Date 2016 Debit Balance Credit May 31 Balance 3,583 Land Debit Balance Date Credit 2016 May 31 Balance 34,000 Forklift Debit Balance Date Credit 2016 May 31 Balance 32,200 Accumulated Depreciation, Forklift Debit Balance Date Credit 2016 May 31 Balance 600 Delivery Truck Balance Date Debit Credit 2016 May 31 Balance 172,000 Accumulated Depreciation, Delivery Truck Debit Credit Balance Date 2016 Accumulated Depreciation, Delivery Truck Debit CreditBalance Date 2016 May 31 Balance 2,400 Accounts Payable Date 2016 Debit Balance Credit May 31 Balance 106,900 Salaries Payable Date 2016 Debit Credit Balance May 31 Balance 2,800 Unearned Sales Revenue Debit Credit Balance Date 2016 May 31 Balance 7,700 Notes Payable (Long-Term) Date 2016 Debit Credit Balance May 31 Balance 123,600 Common Stock Debit Balance Date Credit 2016 May 31 Balance 200,000 Retained Earnings Debit Credit Balance Date 2016 Retained Earnings Date 2016 Debit Credit Balance May 31 Balance 31 Closing 31 Closing 182,874 Debit Credit Balance Date 2016 May 31 Balance 4,000 31 Closing Sales Revenue Date 2016 Debit Credit Balance May 31 Balance 268,900 31 Closing Sales Discounts Date 2016 Debit Credit Balance May 31 Balance 637 31 Closing Sales Returns and Allowances Debit Credit Balance Date 2016 Sales Returns and Allowances Debit Credit Balance Date 2016 May 31 Balance 5,700 31 Closing Cost of Goods Sold Debit Credit Balance Date 2016 May 31 Balance 163,086 31 Closing Salaries Expense Debit Credit Balance Date 2016 May 31 Balance 33,400 31 Closing Utilities Expense Debit Credit Balance Date 2016 May 31 Balance 7,000 31 Closing Repair Supplies Expense Date 2016 Debit Credit Balance May 31 Balance 860 31 Closing Repair Supplies Expense Debit Credit Balance Date 2016 May 31 Balance 860 31 Closing Postage Expense Debit Credit Balance Date 2016 400 May 31 Balance 31 Closing Rent Expense Date 2016 Debit Credit Balance May 31 Balance 14,000 31 Closing Depreciation Expense, Delivery Truck Date 2016 Balance Debit Credit May 31 Balance 700 31 Closing Depreciation Expense, Forklift Date 2016 Debit Credit Balance May 31 Balance 600 31 Closing Office Supplies Expense Debit Credit Balance Date 2016 May 31 Balance 1,200 31 Closing Insurance Expense Debit Credit Balance Date 2016 May 31 Balance 317 31 Closing Cash Short & Over Debit Credit Balance Date 2016 May 31 Balance 510 31 Closing Interest Expense Debit Credit Balance Date 2016 May 31 Balance 3,300 Interest Revenue Debit Credit Balance Date 2016 May 31 Balance 5,200 31 Closing Income Summary Balance Date Debit Credit 2016 May 31 Closing 31 Closing 31 Closing