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. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 403: Services Revenue } & \multicolumn{4}{|c|}{ 640: Rent Expense } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline May 31 & & & 76,000 & May 31 & & & 8,400 \\ \hline & & & 0 & P & & & 0 \\ \hline & & & 0 & P & & & 0 \\ \hline \multicolumn{4}{|c|}{ 603: Depreciation Expense } & \multicolumn{4}{|c|}{ 901: Income Summary } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline May 31 & & & 15,000 & & & & \\ \hline P & & & 0 & P & & & \\ \hlinep & & & 0 & 7 & & & \\ \hline \end{tabular}