Current Attempt in Progress Presented below is information related to Concord Corporation for the month of January 2017. Cost of goods sold $376,000 Salaries and wages expense $215,000 Delivery expense 23,500 Sales discounts 30,000 Insurance expense 11,800 Sales returns and allowances 23,600 Rent expense 31,000 Sales revenue 748,000 No. Date Account Titles and Explanation Debit Credit 1. Jan. 31 2. Jan. 31 3. Jan. 31 (To close revenue accounts) (To close expense accounts) (To close net income/(loss))