Exercise 3-19 (Static) Preparing and posting closing entries LO P6 Use the May 31 fiscal year-end information from the f

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Exercise 3-19 (Static) Preparing and posting closing entries LO P6 Use the May 31 fiscal year-end information from the f

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Exercise 3-19 (Static) Preparing and posting closing entries LOP6
Use the May 31 fiscal year-end information from the followingledger accounts (assume that all accounts have normalbalances).
(a) Prepare closing journal entries from theabove ledger accounts.(b) Post the entries from Requirement (a) tothe General Ledger accounts below. Use the transaction number fromRequirement (a) as the date.
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