Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances) Debit PR G2 Debit Debis PR G2 Debit M. Muncol, Capital Dated PR May 31 G2 M. Muncel, Withdrawals Date TR May 31 G2 Services Revenue Date PR May 31 a2 Depreciation Expense Date May 31 G2 General Ledger Account Number 301 Salaries Expense Credit Balance Date 78.000 May 31 Account Number 302 Insurance expense Credit Balance Date 44,000 May 31 Account Number 403 Rent Expense Credit Balance Date 137,436 May 31 Account Number 603 Income Summary Credit Balance Date 14,000 Account Number 622 Credit Balance 39,000 Rocount number 67 Credit Balance 3,640 hecount Number 60 Credit Balance 7,880 Account Number 1 Credit Balance Debit PR G2 Debit PR Debit PR Debit (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. Journal entry worksheet A D > Record the entry to close revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Journal entry worksheet A D Record the entry to close expense accounts, Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement () as the date 301: M. Muncel, Capital Debit Credit 622: Salaries Expense Debit Credit Dato May 31 Balance 78,000 Date May 31 Balance 39,000 302: M. Muncel, Withdratals Debit Credit 637: Insurance Expense Debit Credit Date Date May 31 Balance 44,000 Balance 3,640 May 31 403: Services Revenue Debit Credit 640: Rent Expense Debit Credit Date May 31 Balance 137,436 Date May 31 Balance 7,880 603: Depreciation Expense Debit Credit 901: Income Summary Debit Credit Date Balance Date Balance 14,000 May 31