Question

The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2013, 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
(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 $ 28,450 of goods stillavailable.


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  • CreatedNovember 26, 2013
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