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 $ 40,000 7,600 53,000 $609,000 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 21,500 7,000 252,000 68,000 25,000 46,000 125,000 Additional Information Accrued sales salaries amount to $1,800. Prepaid selling expenses of $2,900 have expired. A physical count of year- end merchandise inventory shows $34,700 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 Required 1 2 Use the above account balances along with the additional information, prepare the adjusting entries. View transaction list Journal entry worksheet 1 2 3 > Accrued sales salaries amount to $1,800. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry View general journal 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. Debit Credit $ 40,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and 7,600 53,000 $609,000 allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 21,500 7,000 252,000 68,000 25,000 46,000 125,000 Additional Information Accrued sales salaries amount to $1,800. Prepaid selling expenses of $2,900 have expired. A physical count of year- end merchandise inventory shows $34,700 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 Required 1 2 Use the above account balances along with the additional information, prepare the closing entries. View transaction list Journal entry worksheet Record closing of credit balances in temporary accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry View general journal Alanan