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Presented below is information related to Oriole Corporation for the month of January 2020. Cost of...

Presented below is information related to Oriole Corporation for the month of January 2020.

Cost of goods sold

 $223,110

Salaries and wages expense

 $55,720

Delivery expense

 6,320

Sales discounts

 7,320

Insurance expense

 12,760

Sales returns and allowances

 11,820

Rent expense

 18,640

Sales revenue

 366,400


Prepare the necessary closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

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