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 53,000
Sales 609,000
Sales returns and allowances 21,500
Sales discounts 7,000
Cost of goods sold 252,000
Sales salaries expense 68,000
Utilities expense 25,000
Selling expenses 46,000
Administrative expenses 125,000
