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Using the information below, you are at the end of the month of May, and you have to reset the temporary accounts prior to the new period starting. You have to do the closing journal entries in order to do this. Please close the appropriate accounts using the general journal and general ledger. Make sure to do a post-closing trial balance to ensure you are still in the balance after the closing is done. Make sure that all temporary accounts are properly closed and not reflected on the post-closing trial balance.

KJO Withholdings
Adjusted Trial Balance
For Period Ended May 31
Account	Act. #	Debit	Credit
Cash	101	78,839.82
Accounts Receivable	105	2,760.00
Supplies	108	1,795.00
Prepaid Insurance	111	3,937.50
Equipment	150	5,700.00
Accumulated Depreciation- Equipment	150.1		210.00
Accounts Payable	210		8,425.00
Unearned Service Revenue	220		3,570.00
Federal Income Tax Payable	230		772.00
FICA Payable	240		977.12
Medicare Payable	250		228.52
FUTA Payable	260		66.00
SUTA Payable	270		45.10
Owner Capital	301		75,000.00
Owner Withdrawals	301.1	2,000.00
Service Revenue	410		16,545.00
Salaries Expense	510	7,880.00
Electric Expense	520	430.00
Supplies Expense	530	930.00
Insurance Expense	540	562.50
Depreciation Expense	550	210.00
Bank Fee Expense	560	25.00
Payroll Tax Expense	570	713.92
Misc. Expense	580	55.00
TOTALS		105,838.74	105,838.74

General Ledger
OWNER EQUITY
Owner Capital							Act. #	301.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						75,000.00
Owner Withdrawals							Act. #	301.10
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						2,000.00
REVENUES
Service Revenue							Act. #	410.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						16,545.00
EXPENSES
Salaries Expense							Act. #	510.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						7,880.00
Electric Expense							Act. #	520.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						430.00
Supplies Expense							Act. #	530.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						930.00
Insurance Expense							Act. #	540.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						562.50
Depreciation Expense							Act. #	550.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						210.00
Bank Fee Expense							Act. #	560.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						25.00
Payroll Taxes Expense							Act. #	570.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						713.92
Miscellaneous Expense							Act. #	580.00
Date		Item	PR	Debit			Credit	Balance
31-May		Balance						55.00
	KJO Withholdings
	Adjusted Trial Balance
	For Period Ended May 31
	Account					Act. #	Debit	Credit

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