The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2015, unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co uses a perpetual inventory system Debit Credit $30,000 Merchandise inventory Prepaid selling expenses K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 5,600 33,000 $529,000 17,500 5,000 212,000 48,000 15,000 36,000 105,000 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 still available. Journal entry worksheet 2 3 Accrued sales salaries amount to $1,700. Note: Enter debits before credits Date General Journa Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet 2 3 Prepaid selling expenses of $3,000 have expired. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet 2 3 A physical count of year-end merchandise inventory shows $28,450 of goods still available. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet 2 3 4. Record closing of credit balances in temporary accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Journal entry worksheet 2 3 4 Record closing of debit balances in temporary accounts Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Journal entry worksheet 2 3 4 Record closing of income summary account. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Journal entry worksheet 2 4 Record closing of withdrawals account. Note: Enter debits before credits. Date General Journa Debit Credit Dec 31