please answer both requirments for a like!
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko Emiko Co. uses a perpetual inventory system, Credit Debit $36.500 6.900 46.000 $582,000 Merchandise inventory Prepaid selling expenses K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expenso Selling expenses Administrative expenses 20, 100 6,300 238,000 61,000 21,500 42,500 118,000 Additional Information Accrued and unpaid sales salaries amount to $2,500. Prepaid selling expenses of $2.200 have expired. A physical count of year-end merchandise Inventory is taken to determine shrinkage and shows $32,600 of goods still available, (a) Use the above account balances along with the additional information, prepare the adjusting entries (b) Use the above account balances along with the additional information, prepare the closing entries. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Use the above account balances along with the additional information, prepare the adjusting entries View transaction is Journal entry worksheet 1 Accrued sales salaries amount to $2,500 Accrued and unpaid sales salaries amount to $2,500. Prepaid selling expenses of $2,200 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $32,600 of goods still available. (a) Use the above account balances along with the additional information, prepare the adjusting entries. (b) Use the above account balances along with the additional information, prepare the closing entries. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the above account balances along with the additional information, prepare the adjusting entries. View transaction list Journal entry worksheet 1 2 3 Accrued sales salaries amount to $2,500. Note: Enter debits before credits Dato General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Required 2 > Accrued and unpaid sales salaries amount to $2,500. Prepaid selling expenses of $2,200 have expired. A physical com merchandise inventory is taken to determine shrinkage and shows $32,600 of goods still available. (a) Use the above account balances along with the additional information, prepare the adjusting entries. (b) Use the above account balances along with the additional information, prepare the closing entries. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the above account balances along with the additional information, prepare the closing entries. View transaction list Journal entry worksheet 2 3 Record closing of credit balances in temporary accounts. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general Journal
