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 4,500 Common shares 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 5,100 Retained earnings 200 Dividends declared 57,175 Service revenue 17,200 Salaries expense 21,600 Rent expense 2,175 Depreciation expense 1,550 Supplies expense 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 m 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.) Whpeg bio112 lab... Part 2 Prepare a post-closing trial balance. Yanik Financial Services Ltd. Post-Closing Trial Balance May 31, 2018 Credit Debit