The following list Includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emko Co.. a business owned by Kumi Emiko. Emiko Co.uses a perpetual Inventory system. Credit Debit $ 37,580 7,188 48,000 $589,600 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 20,500 6,500 242,eee 63,000 22,588 43,588 120,eee Additional Information Accrued and unpaid sales salaries amount to $1.300. Prepaid selling expenses of $2,400 have expired. A physical count of year-end merchandise Inventory is taken to determine shrinkage and shows $33,200 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 entrie Journal entry worksheet Record closing of credit balances in temporary accounts. > Record closing of debit balances in temporary accounts.