The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2016, unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Use these account balances along with the additional information to journalize
(a) Adjusting entries and
(b) Closing entries. Emiko Co. uses a perpetual inventory system.

Additional Information
Accrued sales salaries amount to $1,700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandise inventory shows $28,700 of goods still available.

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Deblt Credit $30,000 5.600 33.000 Merchandise inventory. Dividends Sales Sales returns and allowances Sales discounts. Cost of goods sold. Sales salaries expense Utilities expense. Selling expenses Administrative expenses $529,000 17,000 5,000 212,000 48,000 15,000 36,000 105,000