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 Journal entry worksheet View general journal

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. Journal entry worksheet Record closing of credit balances in temporary accounts. Note: Enter debits before credits. Exercise 4-15 (Static) Preparing closing entries for a merchandise The following list includes temporary accounts with normal balances is from the De Company. Use these normal account balances to journalize closing entries. 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 Record closing of Dividends account. Note : : = journal entry has been entered