Which of the following accounts would be closed at the end of the accounting period with a debit? Multiple Choice 0:54:00 Soles Discounts Operating Expenses Sales Returns and Allowances Cost of Goods Sold. Cushman Company had $842,000 in sales, sales discounts of $12,630, sales returns and allowances of $18.945, cost of goods sold of $399,950, and $289,650 in operating expenses. Net income equals