3 Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 4 po The following list includes selected permanent accounts and all of the temporary accounts from the December 31 uradjusted balance of Emko Co. a business owned by Kummiko Emko Couses a perpetual entory system Debit Credit Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances 18.900 Sales discounts Cost of goods sold Sales salaries expense 55.00 utilities expense 18.5 Selling expenses 39,500 Additional Information Accrued and unpaid sales salaries amount to $1900. Prepaid selling expenses of $3.700 have expired. A physical count of year and merchandise inventory is taken to determine shrinkage and shows $30.800 of goods still available (a) Use the above account balances along with the additional information, prepare the adjusting entries (b) Use the above account balances along with the additional information, prepare the closing entries Check my we 3 (a) Use the above account balances along with the additional information, prepare the adjusting entries (b) Use the above account balances along with the additional information, prepare the closing entries. Complete this question by entering your answers in the tabs below. . 4 point Required A Required Use the above account balances along with the additional information, prepare the adjusting entries View transaction ist Journal entry worksheet > Accrued and unpaid sales salaries amount to $1.900 Crede Debit 2.200 Date Dec 31 General Journal Series expense Salarios payable 2.300 3 of 6 Next >