The following list includes selected permanent accounts and all of the temporary accounts from the December 31unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko, Emiko Co uses a perpetual inventory system. Credit Debit $ 39,500 7,5 52,00 $60,000 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 21,300 6,900 250.000 67.00 24,500 45,500 124,000 Additional Inf mation Accrued and unpaid sales salaries amount to $1700 Prepaid selling expenses of $2800 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $34,400 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 Required 2 Use the above account balances along with the additional information, prepare the adjusting entries. View transaction list 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 $1,700. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Required 1 Required 2 Use the above account balances along with the additional information, prepare the adjusting entries. View transaction list Journal entry worksheet 3 Prepaid selling expenses of $2,800 have expired. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Required 1 Required 2 Use the above account balances along with the additional information, prepare the adjusting entries. View transaction list Journal entry worksheet