Question

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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  • CreatedMarch 18, 2015
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