Exercise 4-15 (Algo) Preparing closing entries for a merchandiser LO P3 The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Company. Use these normal account balances to joumalize closing entries Dividends $ 53,000 Sales 699,000 Sales returns and allowances 21,500 Sales discounts 7.000 Cost of goods sold 252,000 Sales salaries expense 68,000 Utilities expense 25,000 . Selling expenses 46,000 Administrative expenses 125,000 View transaction list Journal entry worksheet Record closing of debit balances in temporary accounts. TIA Note: Enter debits before credits. General Journal Date Dec 31 Debit Credit Exercise 4-15 (Algo) Preparing closing entries for a merchandiser LO P3 The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Company. Use these normal account balances to journalize closing entries Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses $ 53,000 609,000 21,500 7,000 252,000 68,000 25,898 46,000 125,000 View transaction list Journal entry worksheet N 3 Record closing of income summary account. ws Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Exercise 4-15 (Algo) Preparing closing entries for a merchandiser LO P3 The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Company. Use these normal account balances to journalize closing entries. Dividends $ 53,000 Sales 609,000 Sales returns and allowances 21,500 Sales discounts 7.000 Cost of goods sold 252,000 Sales salaries expense 68,000 Utilities expense 25,000 Selling expenses 46,000 Administrative expenses 125,000 OK View transaction list Journal entry worksheet Fences Record closing of Dividends account Note: Enter debits before credits General Journal Date Dec 31 Debit Credit aw