Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. DebitCredit Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses s 32,5e8 6,100 38,800 $549,000 18,580 5,500 222,8e0 53,8e0 17,5e8 38,508 11e,eee Additional Information Accrued sales salaries amount to $1,700. Prepaid seling expenses of $3,500 have expired. A physical count of year-end merchandise inventory shows $30,200 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 Complete this question by entering your answers in the tabs below Required 1 Required 2 Use the above account balances along with the additional information, prepare the adjusting entries