PR Debit Account Number 301 Credit Balance 62 Date Debit Account Number 302 Credit Balance 1 Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances M. Muncel, Capital Dated May 31 M. Muncel, Withdrawals General Ledger Account Number 622 Credit Balance Salaries Expense 77,000 Date May 31 PR Debit 62 38,500 Insurance Expense Date Debit Account Number 637 Credit May 31 62 50,000 May 31 62 Balance 4,948 Services Revenue Date PR Debit Account Number 403 Credit Rent Expense Account Number 640 Balance Date PR Debit Credit Balance May 31 62 135,674 Date May 31 PR G2 Debit Account Number 603 Credit Balance May 31 Income Sunnary Date G2 10,468 Account Number 981 PR Debit Credit Balance 19,000 Depreciation Expense (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. View transaction t Journal entry worksheet Check my work