The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko...

50.1K

Verified Solution

Question

Accounting

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$ 47,000Sales585,000Sales returns and allowances20,300Sales discounts6,400Cost of goods sold240,000Sales salaries expense62,000Utilities expense22,000Selling expenses43,000Administrative expenses119,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students