Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances) General Ledger M. Punce, Capital Date May 31 PR Acct. No. 301 Debit Credit Balance 40,000 Salaries Expense Date PA May 31 G2 Acct. No. 622 Debit Credit Balance 20,000 R Huncel, Withdrawals Date PR May 31 02 Acct. No. 302 Debit Credit Balance 22,000 Insurance Expense Date PR May 31 02 Acct. No. 637 Debit Credit Balance 4,400 Services Revenue Date May 11 PR 62 Acct. No: 401 Debit Credit Balance 76,000 Rent Expense Date May 31 PR 62 Acct. No.640 Debit Credit Balance: 0,400 Depreciation Expense Date PH May 31 02 Acct.to. 603 Debit Credit Balance 15,000 Incone Suary Date PR Acct. No.901 Debit Credit Balance 1. Prepare closing journal entries from the above ledger accounts 2. Post the entries from Requirement to the General Ledger accounts below. Use the transaction number from Requirement as the date View transaction list Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. Transaction General Journal Dobit Credit 4 Record entry Clear entry View general journal