Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). Goneral Ledger M. Muncel, Capital Account Number 301 Salaries Expense Account Number 622 Dated PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 40,000 May 31 G2 20, eee M. Muncel, Withdrawals Account Number 302 Insurance Expense Account Number 637 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 62 22,000 May 31 G2 4,400 Services Revenue Account Number 403 Rent Expense Account Number 648 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 76,000 May 31 G2 8,400 Depreciation Expense Account Number 603 Income Summary Account Number 901 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 15,000 (a) Prepare closing journal entries from the above ledger accounts. (b) Post the entries from Requirement () 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 B Prepare closing Journal entries from the above ledger accounts. View transaction list View journal entry worksheet No Credit General Journal Transaction 1 Debit 76,000 Services revenue Income summary 76,000