Use the May fiscal yearend information from the following ledger accounts assume that all accounts have normal balances
General Ledger
M Muncel, Capital Account Number Salaries Expense Account Number
Dated PR Debit Credit Balance Date PR Debit Credit Balance
May G May G
M Muncel, Withdrawals Account Number Insurance Expense Account Number
Date PR Debit Credit Balance Date PR Debit Credit Balance
May G May G
Services Revenue Account Number Rent Expense Account Number
Date PR Debit Credit Balance Date PR Debit Credit Balance
May G May G
Depreciation Expense Account Number Income Summary Account Number
Date PR Debit Credit Balance Date PR Debit Credit Balance
May G
a Prepare closing journal entries from the above ledger accounts. PLEASE CORRECT THE VALUES THAT ARE IN RED WITH CORRECT VALUES THAT'S ALL I NEED THANK YOU!
