3 Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 15.56 points The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emko Co. a business owned by Kumi Emio Emike Couses a perpetual Inventory system Det Credit marche Lestory 3.100 Trepaid wing expenses Dividende 57,000 1685.400 Sales return alles 21.30 6.100 Cost of goods 63.000 34.50 Selling expenses 124,000 Additional information Accrued and unpaid sales solares amount to $1,700. Prepaid selling expenses of $2,800 have expred. A physical count of you and merchandise inventory is taken to determine and shows $34.400 of goods stilvolle Use the above account balances along with the additional information, repere the adjusting enties Use the above account balances wrong with the additional information, prepare the closing entries