Check Exercise 3-19 (Static) Preparing and posting closing entries LO P6 Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger Retained Earnings Account Number 318 Salaries Expense Account Number 622 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 40, 000 May 31 G2 20,000 Dividends Account Number 319 Insurance Expense Account Number 637 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 22, 000 May 31 G2 4,400 Services Revenue Account Number 403 Rent Expense Account Number 640 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 76 , 000 May 31 G2 8, 400 Depreciation Expense Account Number 603 Income Summary Account Number 901 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 15 , 000 (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. (X View transaction list View Journal entry worksheet General Journal Debit Credit No Transaction A No Transaction Recorded