The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2011, unadjusted trial balance of Yamiko Co., a business owned by Kumi Yamiko. Use these account balances along with the additional information to journalize
(a) Adjusting entries
(b) Closing entries. Yamiko Co. uses a perpetual inventory system.

Additional Information
Accrued sales salaries amount to $1,700. Prepaid selling expenses of $1,600 have expired. A physical count of year-end merchandise inventory shows $29,626 of goods still available.

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Debit Credit Merchandise inventory $ 30,200 Prepaid selling expenses . ...4,000 1,600 Dividends Sales Sales returns and all $543,600 20,656 5,783 owances Cost of goods sold ..267,45 Sales salaries expense. Utilities expense Selling expenses Administrative expenses 59,796 17,395 46,749 20,135