Additional Information:

a$.$ Store supplies still available at fiscal year$-$end amount to $$1,750.$

b$.$ Explred Insurance, an administrative expense, is $$1,400$ for the fiscal year.

c$.$ Depreclation expense on store equlpment, a selling expense, is $$1,525$ for the fiscal year.

d$.$ To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $$10,900$ of inventory is still avallable at fiscal year$-$end.

Required:

Using the above information, prepare adjusting journal entries.

Prepare a single$-$step income statement for the year ended January $31.$

Complete this question by entering your answers in the tabs below.

Required $1$

Using the above information, prepare adjusting journal entries.

Journal entry worksheet

$1$

Store supplies still available at fiscal year$-$end amount to $$1,750.$

Note: Enter debits before credits.