The following list includes selected permanent account
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The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017,
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The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017, unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Use these account balances along with the additional information to journalize (a) Adjusting entries (b) Closing entries. Emiko Co. uses a perpetual inventory system. Additional Information Accrued sales salaries amount to $1,700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandise inventory shows $28,700 of goods still available.
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