The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Credit Debit $ 30,500 5,708 34, Bee $ 533,eee 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 17,709 5.199 214,000 49,899 15,500 36. seg 186,000 Additional Information Accrued sales salaries amount to $1,300. Prepaid selling expenses of $3.100 have expired. A physical count of year-end merchandise inventory 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 closing entries. View transaction list Journal entry worksheet Record closing of debit balances in temporary accounts. Note: Enter debits before credits. Debit Credit Date Dec 31 17.700 5.100 General Journal Income summary Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 50.300 I 15,500 108,000 The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018. unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Credit Debit $ 3e seg 5,700 34. eee $ 533,990 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 17,700 5,109 214,000 49, eee 15, see 36,500 186,800 Additional Information Accrued sales salaries amount to $1,300. Prepaid selling expenses of $3,100 have expired. A physical count of year-end merchandise inventory 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 closing entries. View transaction list Journal entry worksheet