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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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