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.

Missing cost of goods sold, sales salaries expense, selling expenses, and income summary, retained earnings.

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 $ 38,500 7,300 50,000 $597,000 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 20,900 6,700 246,000 65,000 23,500 44,500 122,000 Additional Information Accrued and unpaid sales salaries amount to $1,500. Prepaid selling expenses of $2,600 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $33,800 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 A Required 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 adjusting entries. No Date General Journal Debit Credit 1 Dec 31 Sales salaries expense Salaries payable lo 1,500 1,500 2 Dec 31 Selling expenses Prepaid selling expenses 2,600 2,600 3 Dec 31 Cost of goods sold Merchandise inventory 4.700 O 4,700 K Requlrent Required B Required A Required B Use the above account balances along with the additional information, prepare the closing entries. No Date General Journal 1 Dec 31 Sales Credit Debit 597.000 > Income summary 597.000 2 2 Dec 31 20,900 6,700 Income summary Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 23,500 122.000 3 Dec 31 Income summary Retained earnings 4 Dec 31 Retained earnings Dividends 50.000 50,000