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

	Debit			Credit
Dividends	$	33,000
Sales				$	529,000
Sales returns and allowances		17,500
Sales discounts		5,000
Cost of goods sold		213,300
Sales salaries expense		49,700
Utilities expense		15,000
Selling expenses		39,000
Administrative expenses		105,000

Exercise 4-14 (Static) Preparing closing entries for a merchandiser LO P3 The following list Includes temporary accounts from the December 31 adjusted trial balance of Emiko Co. Use these normal account balances to journalize closing entries. Credit Debit $ 33,000 $529,000 Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 17,500 5,eee 213, 380 49,700 15, eee 39,000 185,00 View transaction Mat Journal entry worksheet 1 2 3 4 Record closing of credit balances in temporary accounts. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Journal entry worksheet Record closing of dividends account. Note: Enter debits before credits Date General Journal Debit Credit Dec 31