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

General Ledger

M$.$ Muncel, Capital Account Number $301$ Salaries Expense Account Number $622$

Dated PR Debit Credit Balance Date PR Debit Credit Balance

May $31$ G$278,000$ May $31$ G$239,000$

M$.$ Muncel, Withdrawals Account Number $302$ Insurance Expense Account Number $637$

Date PR Debit Credit Balance Date PR Debit Credit Balance

May $31$ G$252,000$ May $31$ G$24,420$

Services Revenue Account Number $403$ Rent Expense Account Number $640$

Date PR Debit Credit Balance Date PR Debit Credit Balance

May $31$ G$2137,436$ May $31$ G$29,440$

Depreciation Expense Account Number $603$ Income Summary Account Number $901$

Date PR Debit Credit Balance Date PR Debit Credit Balance

May $31$ G$217,000$

$($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. Post the entries from Requirement $($a$)$ to the General Ledger accounts below. Use the transaction number from Requirement $($a$)$ as the date.