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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.

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.

Dividends$ 47,000Sales585,000Sales returns and allowances20,300Sales discounts6,400Cost of goods sold240,000Sales salaries expense62,000Utilities expense22,000Selling expenses43,000Administrative expenses119,000

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