Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). M. Muncel, Capital Date May 31 General Ledger Acct. No. 301 Salaries Expense Credit Balance Date PR 85,000 Debit Debit PR G2 Acct. No. 622 Credit Balance 42,500 May 31 ok M. Muncel, Withdrawals Date PR May 31 G2 Debit Acct. No. 302 Credit Balance 55,000 Insurance Expense Date PR May 31 Debit Acct. No. 637 Credit Balance 3,640 Acct. No. 640 Credit Balance 7.880 Services Revenue Date May 31 PR G2 Debit Acct. No. 401 Credit Balance 149,770 Rent Expense Date May 31 Debit PR G2 Depreciation Expense Date PR May 31 G2 Acct. No. 603 Credit Balance 14,000 Income Summary Date Debit Acct. No. 901 Debit Credit Balance PR 1. Prepare closing journal entries from the above ledger accounts. 2. Post the entries from Requirement to the General Ledger accounts below. Use the transaction number from Requirement 1 as the date. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 4 Complete this questions by entering your answers in the tabs below. Required 1 Required 2 ts Prepare closing journal entries from above ledger accounts. eBook View transaction list Hint Print Journal entry worksheet ferences