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.

$\backslash$table$[[$K$.$ Emiko, Withdrawals,Debit,Credit$],[$Sales$,$$$50,000,],[$Sales returns and allowances,$20,900,],[$Sales discounts,$697,000,],[$Cost of goods sold,$246,000,],[$Sales salaries expense,$65,000,],[$Utilities expense,$23,500,],[$Selling expenses,$44,500,],[$Administrative expenses,$122,000,]]$

Journal entry worksheet

$\backslash$table$[[1,2,3,4]]$

Record closing of credit balances in temporary accounts.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,,,],[,,,]]$

$4$ of $5$

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