Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances) General Ledger 62 M. Muncel, Capital Date May 31 Acct. No. 301 PR Debit Credit Balance Salaries Expense Acct. No. 622 84,000 Date May 31 PR Debit Credit Balance 02 42,000 M. Muncel, Withdrawals Date May 31 Acct. No. 302 PR Debit Credit Balance Insurance Expense Acct. No. 637 G2 $5,000 Date May 31 PR Debit Credit Balance G2 4,948 Services Revenue Date PR May 31 62 Acct. No. 401 Debit Credit Balance 148,008 Rent Expense Acct. No. 640 Date PR Debit Credit Balance May 31 62 10,480 Date May 31 Depreciation Expense Acct. No. 603 PR Debit Credit Balance 32 19,000 Income Summary Date Acct. No. 901 PR Debit Credit Balance. 1. Prepare closing journal entries from the above ledger accounts. 2. Post the entries from Requirement 1 to the General Ledger accounts below. Use the transaction number from Requirement 1 as tim