Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger Retained Earnings Date PR Debit Account Number 318 Credit Salaries Expense Balance Date PR Debit Account Number 622 Credit Balance G2 May 31 Dividends Date May 31 Services Revenue Date Depreciation Expense PR Debit 93,000 wwwNumber 319 Insurance Expense Balance Date May 31 G2 G2 68,000 May 31 PR G2 Debit Account Number 6 Credit 637 PR G2 Debit Account Number 403 Credit Rent Expense Balance 163,866 Date May 31 PR G2 Debit Account Number 603 Credit Credit Balance 17,000 (a) Prepare closing journal entries from the above ledger accounts. Account Number 901 Creditr Balance (b) Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date. May 31 Income Summary PR G2 Debit Balance 4,420 Account Number 640 Credit Balance 9,440 Date PR Debit Complete this questions by entering your answers in the tabs below. Required A Required B Prepare closing journal entries from the above ledger accounts. Journal entry worksheet A B C D Record the entry to close revenue accounts. ote: Enter debits before credits. Transaction General Journal Debit Credit B C D Record the entry to close income summary account. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 View general journal Clear entry Record entry Journal entry worksheet > < A B D Record the entry to close the dividends account. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit View general journal Record entry Clear entry View general journal Record entry Clear entry Journal entry worksheet < B D Record the entry to close expense accounts. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit > Post the entries from Requirement (a) to > Date 318: Retained Earnings Debit General Ledger accounts below. Use the transaction number from Requirement (a) as the date. 622: Salaries Expense Credit Balance Date Debit Credit Balance May 31 93.000 May 31 46.500 May 31 0 Date 319: Dividends Debit Credit Balance 68,000 Date May 31 0 0 0 637: Insurance Expense Date Debit Balance May 31 4.420 0 403: Services Revenue Debit 640: Rent Expense Credit Balance Date Debit Credit Balance 163.866 May 31 9.440 0 0 0 0 603: Depreciation Expense Debit Credit Balance Date 901: Income Summary Debit Balance 17.000