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Presented below is information related to Coronado Corporation for the month of January 2017. Cost of goods sold $192,350 Salaries and wages expense $65,470 Delivery

Presented below is information related to Coronado Corporation for the month of January 2017.

Cost of goods sold	$192,350	Salaries and wages expense	$65,470
Delivery expense	7,420	Sales discounts	8,770
Insurance expense	11,370	Sales returns and allowances	14,060
Rent expense	21,700	Sales revenue	324,000

Prepare the necessary closing entries.

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