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Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts haven General Ledger H. Muncel, Capital Date PR May

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Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts haven General Ledger H. Muncel, Capital Date PR May 31 G2 ACCE. No. 301 Debit Credit Balance 83,000 Salaries Expense Date PR May 31 G2 Acct. No. 622 Debit Credit Balance 41,500 M. Muncel, Withdrawals Date PR May 31 G2 Acct. No. 302 Insurance Expense Debit Credit Balance Data PR 50,000 MAY 31 G2 AOCE No. 637 Debit Credit Balance 5,200 Services Revenge Date May 31 PR G2 Acet. NO. 401 Debit Credit Balance 146,246 Rent Expense Date May 31 PR G2 Acct. No. 640 Debit Credit Balance 11,000 Depreciation Expense Date DE May 31 G2 Acet. No. 603 Debit Credit Balance 20,000 Income Summary Date PR Acat. No. 901 Debit Credit Balance 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 Re date. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare closing journal entries from the above ledger accounts. View transaction ist Journal entry worksheet

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