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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. K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Debit $ 43,000 19,508 6,000 232,000 58,000 20,000 41,000 115,000 Credit $ 569,000 Administrative expenses View transaction list View journal entry worksheet No Date December 31 General Journal Debit Credit Sales returns and allowances 19,500 Sales discounts 6,000 Sales 25,500

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. K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Debit $ 43,000 19,508 6,000 232,000 58,000 20,000 41,000 115,000 Credit $ 569,000 Administrative expenses View transaction list View journal entry worksheet No Date December 31 General Journal Debit Credit Sales returns and allowances 19,500 Sales discounts 6,000 Sales 25,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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am. 1111.

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. K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Debit $ 43,000 19,508 6,000 232,000 58,000 20,000 41,000 115,000 Credit $ 569,000 Administrative expenses View transaction list View journal entry worksheet No Date December 31 General Journal Debit Credit Sales returns and allowances 19,500 Sales discounts 6,000 Sales 25,500
Transcribed Image Text: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. K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Debit $ 43,000 19,508 6,000 232,000 58,000 20,000 41,000 115,000 Credit $ 569,000 Administrative expenses View transaction list View journal entry worksheet No Date December 31 General Journal Debit Credit Sales returns and allowances 19,500 Sales discounts 6,000 Sales 25,500
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