The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2013, unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Use these account balances along with the additional information to journalize

(a) Adjusting entries

(b) Closing entries.

Emiko Co. uses a perpetual inventory system.

Additional Information
Accrued sales salaries amount to $ 1,700. Prepaid selling expenses of $ 3,000 have expired. A physical count of year- end merchandise inventory shows $ 28,450 of goods stillavailable.

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Debit Credit Prepaid selling expenses 5,600 33,000 Sales... Sales returns and allowances Sales discounts .TN Cost of goods sold.. Sales salaries expense Utilities expense Selling expenses.... Administrative expenses. $529,000 17.500 5,000 212,000 48,000 5,000 36,000 05,000