Current Attempt in Progress Presented below is information related to Crane Corporation for the month of January 2020, $65,660 $207,000 7,550 8,330 Cost of goods sold Delivery expense Insurance expense Rent expense Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue 12,410 14,230 18,260 356,900 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 for the amounts.) No. Date Account Titles and Explanation Debit Credit 1 Jan. 31 (To close revenue accounts) 2 Jan. 31 2. Jan. 31 | (To close expense accounts) 3. Jan. 31 (To close net income / (loss)) Sive for Later Attempts: 0 of 15 used Submit