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 $ 33,500 6,300 40,000 $557,000 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 18,900 5,700 226,000 55,000 18,500 39,500 112,000 Additional Information Accrued and unpaid sales salaries amount to $1,900. Prepaid selling expenses of $3,700 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $30,800 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 enterina vour answers in the tabs below. Next > Accrued and unpaid sales salaries amount to $1,900. Note: Enter debits before credits Debit Credit Date General Journal Dec 31 View general Journal Clear entry Record entry Next > 14 of 40 14 of 40 14 of 40 14 of 40 Record closing of debit balances in temporary accounts. Note: Enter debits before credits Debit Creo General Journal Date Dec 31 Next > 14 of 40 Record closing of income summary account. Note: Enter debits before credits Debit Credit Date General Journal Dec 31 View general Journal Clear entry Record entry Next > 14 of 40 Record closing of dividends account. Note: Enter debits before credits Debit Crede General Journal Date Dec 31 View general journal Clear entry Record entry Next > 14 of 40