Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). Debit Debit PR G2 May 31 Debit M. Muncel, Capital Dated PR May 31 G2 M. Muncel, Withdrawals Date PR May 31 62 Services Revenue Date PR May 31 G2 Depreciation Expense Date PR May 31 G2 Debit General Ledger Account Number 301 Salaries Expense Credit Balance Date 88,000 Account Number 302 Insurance Expense Credit Balance Date 53,000 May 31 Account Number 403 Rent Expense Credit Balance Date 155,056 May 31 Account Number 603 Income Summary Credit Balance Date 21,989 PR G2 Account Number 622 Credit Balance 44,00 Account Number 637 Credit Balance 5,460 Account Number 640 Credit Balance 11,520 Account Number 901 Credit Balance Debit Debit PR G2 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. 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 Journal entry worksheet > A C D B LOUS UCIVO Required A Required B Prepare closing journal entries from the above ledger accounts. View transaction list Journal entry worksheet A > Record the entry to close revenue accounts. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal 15 : . Required A Required B Prepare closing journal entries from the above ledger accounts. View transaction list Journal entry worksheet Yusu My enemy your answers HE La veuw. Required A Required B Prepare closing journal entries from the above ledger accounts. View transaction list Journal entry worksheet A B C D > Record the entry to close income summary account. Note: Enter debits before credits Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal Required A Required B Prepare closing journal entries from the above ledger accounts. View transaction list Journal entry worksheet D > Record the entry to close the withdrawals account. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general joumal Complete this questions by entering your answers in the tabs below. Required A Required B 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 Date May 31 Balance 88,000 Date May 31 Balance 44.000 302: M. Muncel Withdrawals Debit Credit 637: Insurance Expense Debit Credit Date May 31 Balance 53,000 Date May 31 Balance 5.460 403: Services Revenue Debit Credit 640: Rent Expense Debit Credit Date May 31 Balance 155,058 Date May 31 Balance 11.520 603: Depreciation Expense Debit Credit 901: Income Summary Debit Credit Date Balance Date May 31 Balance 21.000 Required A