Exercise 4-15 (Static) Preparing closing entries for a merchandiser LO P3 The following list includes temporary accounts with normal balances is 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 View transaction list $ 33,000 529,000 17,500 5,000 213,300 49,700 15,000 39,000 105,000 Journal entry worksheet < 3 4 > View transaction list 1 Record closing of credit balances in temporary accounts. 2 Record closing of debit balances in temporary accounts. 3 Record closing of income summary account. 4 es Record closing of Dividends account. Note: == = journal entry has been entered EX