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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
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 Couses a perpetual inventory system. Credit Debit $ 34,000 6,400 41,eee $561,000 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 19,100 5,800 228,000 56,000 19,000 40,000 113,000 Additional Information hysical count of year-end Accrued and unpaid sales salaries amount to $2,000. Prepaid selling expenses of $3,800 have expired. merchandise inventory is taken to determine shrinkage and shows $31,100 of goods still available (a) Use the abowe account balances along with the additional information, prepare the adjusting entries (6) 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
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