The following listing of temporary accounts is from the December 31 adjusted trial balance of Emiko Co. Use these normal account balances to journalize closing entries.

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Debit Credit Debit Credit K. Emiko, Withdrawals $ 3000 Sales salaries expense. $ 49,700 Utilities expense... Selling expenses... Sales . $529,000 15,000 Sales returns and allowances 17,500 39,000 Sales discounts.. 5,000 Administrative expenses 105,000 Cost of goods sold 213,300