The following list includes temporary accounts from the December $31$ adjusted trial balance of Emiko Company. Use these normal account balances to journalize closing entries.

Debit Credit

K$.$ Emiko, Withdrawals $ $46,000$ Debit

Sales $ $581,000$ Credit

Sales returns and allowances $20,100$ Debit

Sales discounts $6,300$ Debit

Cost of goods sold $238,000$ Debit

Sales salaries expense $61,000$ Debit

Utilities expense $21,500$ Debit

Selling expenses $42,500$ Debit

Administrative expenses $118,000$ Debit

Journal entry worksheet:

DEC $31$ Record closing of credit balances in temporary accounts.

DEC $31$ Record closing of debit balances in temporary accounts.

DEC $31$ Record closing of income summary account.

DEC $31$ Record closing of Withdrawals account.