Solving Assignment - Chapter 5 Saved Exercise 5-15 (Algo) Preparing closing entries for a merchandiser LO P3 The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko normal account balances to journalize closing entries. Credit Debit $ 43,000 $ 569,000 K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses BE 19,500 6,000 232,000 58,000 20,000 41, 000 115,000 View transaction list Journal entry worksheet - 1:1 L = = ====