Use the May 31 fiscal year-end Information from the following ledger accounts (assume that all accounts have normal balances), Debit PR 02 Debit Debit Debit General Ledger Account Number 381 Salaries Expense Credit Balance Date 78,000 May 31 Account Number 302 Insurance Expense Credit Balance Date 45,000 May 31 Account Number 403 Rent Expense Credit Balance Date 137,436 May 31 Account Number 603 Income Summary Credit Balance Date 20,000 M. Muncel, Capital Dated PR May 31 G2 M. Huncel, withdrawals Date PR May 31 62 Services Revenue Date PR May 31 G2 Depreciation Expense Date PR May G2 PR 62 Account Number 622 Credit Balance 39,000 Account Number 637 Credit Balance 5,200 Account Number 640 Credit Balance 11,000 Account Number 901 Credit Balance Debit Debit PR 02 Debit PR Debit (mPrepare 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 Complete this questions by entering your answers in the tabs below. Required A Required Prepare closing journal entries from the above ledger accounts. View transactions In. Complete this questions by entering your answers in the tabs below. Required A Required B Prepare closing journal entries from the above ledger accounts. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 Services revenue 137.436 Income summary 137.430 7 B 2 No Transaction Recorded 3 No Transaction Recorded D 4 No Transaction Recorded Required B > Required A Required B Post the entries from Requirement to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date. 301: M. Muncel Capital Debit Credit Date May 31 Balance 78,000 622: Salaries Expense Debit Credit Date May 31 Balance 30,000 0 0 0 Date May 31 302. M. Muncel, Withdrawals Debit Credit Balance 45.000 637: Insurance Expense Debit Credit Date May 31 Balance 0 o 5.200 0 0 Date May 31 403 Services Revenue Debit Credit 3 Balance 137,436 640 Rent Expense Debit Credit Date May 31 Balance 11.000 0 603 Depreciation Expense Debit Credit Date wy 301 Income Summary Credit Date Debit Balance Balance 20.000 0 0