MEWORK CHAPTER 3 4 D cin Book H Pr References Savet 80 Help Save & Exit Submit Check my work Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances Retained Earnings Date: May 31 Dividends Date May 31 Date May 31 Salaria Expense Date May 31 Isaurance Expense Date May 31 02 Account Number 622 $1,000 Account Huber 637 Credit Debit 4,140 Account Sumber 648 General Ledger Debit Account Credit Bumber 318 Balance G2 82,000 Account Number 315 23 Debit Credit Balance 02 54,000 PR Account Debit Credit Huber 403 Balance 144,404 Account Number 603 Date May 31 Indone Bury PA 02 Debit Credit Balance 16,000 Debit Credit Reot Expense Debit Credit Balance 8,920 Account Number 91 Services i evenue, Depreciation Expense Date May 31 (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 (als 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 10 points Skipped Required A Required B Prepare closing journal entries from the above ledger accounts. View transaction list Journal entry worksheet eBook Hint < A B C D Print References Record the entry to close revenue accounts. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date Date May 311 Skipped Hire Priv References Mc Date May 31 Date May 311 Date May 31 318: Retained Earnings 622 Salaries Expe Debit Credit Balance Date Debi Credd 82,000 May 31 41.000 318: Dividends Debit 637: Insurance Expe Credit Balance Bate Deb Crept Balance 54,000 May 31 4,100 403: Services Revenue Debit Creat Balance Bane 144,404 May 31 64 Hat Expense Deb Cred 20 Credit Balance Bal Income Summary Debit Crudt 16.000 603: Depreciation Expense Debit < Prev 4 of 8 Next >