Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger Retained Earnings Date May 31 PR Debit Account Number 318 Credit Salaries Expense Balance G2 Dividends Date 79,000 Account Number 319 Date May 31 PR Debit Account Number 622 Credit Balance G2 39,500 Insurance Expense PR Debit Credit Balance May 31 G2 51,000 Services Revenue Date PR Debit Account Number 403 Credit Date May 31 Rent Expense PR Debit Account Number 637 Credit Balance G2 3,380 Account Number 640 Balance May 31 G2 139,198 Depreciation Expense Date May 31 PR G2 Debit Account Number 603 Credit Balance 13,000 Date May 31 Income Summary Date PR Debit Credit G2 Balance 7,360 PR Debit Credit Account Number 901 Balance (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