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 $ 30,500 5,700 34,000 $533,000 Merchandise inventory Prepaid selling expenses K. Eniko, withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 17,700 5,100 214,000 49,000 15,500 36,500 106,000 Additional Information Accrued and unpaid sales salaries amount to $1,300. Prepaid selling expenses of $3,100 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $29,000 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 2 3 Armini eslat clarine mint 1 an Journal entry worksheet 1 2 3 Accrued sales salaries amount to $1,300. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Required 1 Required 2 > 1 2 3 Prepaid selling expenses of $3,100 have expired. te: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Required 1 Required 2 > Journal entry worksheet 1 2 A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $29,000 of goods still available. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Required 1 Required 2 > Required 1 Reqqred 2 Use the above account balances along with the additional information, prepare the closing entries. View transaction list Journal entry worksheet 1 2 3 4 Record closing of credit balances in temporary accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Journal entry worksheet