Current Attemptin Progress Presented below are year-end adjusted account balances for Flint Co. Insurance expense $11,160 55,620 Rent expense 20,500 Salaries and wages expense Sales discounts Sales returns and allowances 11,400 Inventory 24.070 14,660 213,360 Sales revenue 414,070 Cost of goods sold Freight-out 7,070 Account Titles and Explanation Debit Credit (To close accounts with credit balances) (To close accounts with debit balances) (To close net income / (loss))