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

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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. K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses Debit $ 53,000 21,500 7,000 252,000 68,000 25,000 46,000 125,000 Credit $ 609,000 View transaction list 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 > Drov 5 of 7 Next > View transaction list Journal entry worksheet < 1 2 3 4 125,000 Record closing of credit balances in temporary accounts. Note: Enter debits before credits. Date December 31 General Journal Debit Credit 7 View general journal Clear entry Record entry

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