Use the May $31$ fiscal year$-$end information from the following ledger accounts $($assume that all accounts have normal balances$).$

$($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.

Prepare closing journal entries from the above ledger accounts.

Journal entry worksheet

A

B

C

D

Record the entry to close revenue accounts.