The adjusted trial balance for Yanik Financial Services Ltd. at May 31, 2018 is as follows: Yanik Financial Services Ltd. Adjusted Trial Balance May 31, 2018 Debit Credit Cash $7,430 Accounts receivable 19,725 Supplies 3,400 Prepaid insurance 3,450 Equipment 24,600 Accumulated depreciation-equipment $5,605 Accounts payable 2,800 Salaries payable 2,100 Interest payable 1,100 Rent payable 1,150 Income tax payable 1,400 Unearned revenue 500 Bank loan payable, due 2021 24,000 Common shares 4,500 Salaries payable 2,100 Interest payable 1,100 Rent payable 1,150 Income tax payable 1,400 Unearned revenue 500 Bank loan payable, due 2021 24,000 Common shares 4,500 Retained earnings 5,100 Dividends declared 200 Service revenue 57,175 Salaries expense 17,200 Rent expense 21,600 Depreciation expense 2,175 Supplies expense 1,550 1,200 Interest expense 900 Insurance expense 2,000 Income tax expense $105,430 $105,430 Total Part 1 Prepare the closing entries at May 31. (Credit account tittles are automatically indented when the amount is entered. Do n manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit May 31 Service Revenue 57175 Income Summary 57175 (To close revenue account.) 31 Income Summary Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Income Tax Expense Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Income Tax Expense (To close expense accounts.). 31 Income Summary Retained Earnings (To close net income.) 31 Retained Earnings Dividends Declared (To close dividends.) Dwinnipeg blo1112 lab.. Part 2 Prepare a post-closing trial balance. Yanik Financial Services Ltd. Post-Closing Trial Balance May 31, 2018 Debit Credit