Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger M. Muncel, Capital Acct. No. 301 Date Salaries Expense PR Debit Credit Balance Acct. No. 622 Date May 31 PR G2 Debit Credit Balance 77,000 May 31 G2 38, 5ee M. Muncel, withdrawals Acct. No. 302 Insurance Expense Date PR Debit Credit Balance Acct. No. 637 Date PR May 31 G2 Debit Credit Balance 46,680 62 5,200 Services Revenue Acct. No. 41 Rent Expense Acct. No. 640 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 62 135,674 May 31 G2 11,000 Depreciation Expense Acct. No. 603 Incone Summary Acct. No. 901 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 20,000 May 31 1. Prepare closing journal entries from the above ledger accounts 2. Post the entries from Requirement 1 to the General Ledger accounts below. Use the transaction number from Requirement 1 as the date. 1 2 3 4 Record the entry to close revenue accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet