Exercise 4-15 (Algo) Preparing closing entries for a merchandiser LO P3 The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Company, Use these normal account balances to journalize closing entries. Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses $ 36,000 541,000 18,100 5,300 218,000 51,000 16,500. 37,500 100,000 View transaction list Journal entry worksheet < 1 2 3 4 Record closing of credit balances in temporary accounts. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses $ 36,000 541,000 18,100 5,300 218,000 51,000 16,500 37,500 108,000 Journal entry worksheet < 1 2 3 4 Record closing of debit balances in temporary accounts. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit ces Dividends Sales Sales returns and allowances Sales discounts. Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses $ 36,000 541,000 18,100 5,300 218,000 51,000 16,500 37,500 108,000 View transaction list Journal entry worksheet < 1 2 3 4 Record closing of Income summary account. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses $ 36,000 541,000 18,100 5,300 218,000 51,000 16,500 37,500 108,000 View transaction list Journal entry worksheet 1 2 3 Record closing of Dividends account. Note: Enter debits before credits. Date Dec 31 General Journal Dobit Credit