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 $ 34,500 6,500 42,000 $565,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense utilities expense Selling expenses Administrative expenses 19,100 5,900 230,000 57,000 19,500 40,500 114,000 Additional Information Accrued and unpaid sales salaries amount to $2.100. Prepaid selling expenses of $3,900 have expired. A physical count of year-end merchandise Inventory is taken to determine shrinkage and shows $31,400 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. Required A Required B 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 Record closing of debit balances in temporary accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Journal entry worksheet Accrued and unpaid sales salaries amount to $2,100. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Journal entry worksheet