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Use the following ledger accounts (assume that all accounts have normal balances). General Ledger Account Number 318 Credit Balance 81,000 Account Number 319 Credit Retained

Use the following ledger accounts (assume that all accounts have normal balances). General Ledger Account Number 318 Credit Balance 81,000 Account Number 319 Credit Retained Earnings Date May 31 Dividends Date May 31 Services Revenue PR G2 Required A PR G2 PR G2 View transaction list Debit PR G2 Debit Debit Date May 31 Depreciation Expense Date May 31 (a) Prepare closing journal entries from the above ledger accounts. Balance. 47,000 Debit Account Number 403 Credit Balance 142,722 Account Number 603 Credit Balance. 19,000 Prepare closing journal entries from the above ledger accounts. Salaries Expense Date May 31 Insurance Expense Date May 31 Rent Expense Complete this questions by entering your answers in the tabs below. Date May 31 Income Summary Date PR G2 PR G2 PR G2 PR Debit Debit Debit Debit Account Number 622 Credit Balance 40,500 Account Number 637 Credit Balance 4,940 Account Number 640 Credit Balance 10,480 Account Number 901 Credit Balance
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Use the following ledger accounts (assume that all accounts have normat balances). (a) Prepare closing journal entries from the above ledger accounts. Complete this questions by entering your answers in the tabs below. Prepare closing journal entries from the above ledger accounts. Prepare closing journal entries from the above ledger accounts

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