U. Alle Genele 5 Inbox Ch 1 c E3.2 (L CABE3- C The V C The CG On Jul include s.com/courses/25565/assignments/3777698 Con- Question 20 bort View Policies Current Attempt in Progress Presented below is information related to Blue Corporation for the month of January 2020. Cost of goods sold $208,700 Salaries and ware Salaries and wages expense $55,050 Delivery expense 6,400 8,470 Sales discounts Sales returns and allowances Insurance expense 12,400 12,180 355,100 Rent expense 20,510 Sales revenue Prepare the necessary closing entries. (Credit account titles are automatically indented when amount is entered. Do is required, select "No entry" for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit 1. Jan. 31 Bookmarks People Tab Window Help 43% Thu 4:23 PM 0 The The CG On Jul Include C Search Exerci G Kennel + 0.1 An Geners Inbox ch x 3.2( L ABE- m/courses/25565/assignments/3777698 No. Date Account Titles and Explanation Debit Credit 1. Jan. 31 (To close revenue accounts) 2. Jan. 31 (To close expense accounts) 3 Jan 31 To close net income/floss))