Presented below is information related to Gonzales Corporation for the month of\nJanuary 2014. Cost of goods sold $208,000 Salaries and wages expense $
Presented below is information related to Gonzales Corporation for the month of
\r\nJanuary 2014. Cost of goods sold $208,000 Salaries and wages expense $ 61,000
\r\nDelivery expense 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 13,000 Rent expense 20,000 Sales revenue 350,000
\r\nInstructions
\r\nPrepare the necessary closing entries.
\r\n