ces ems Saved Required information [The following information applies to the questions displayed below.] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson Company uses a perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation Expense-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. NELSON COMPANY Unadjusted Trial Balance January 31 Debit Cash Credit $ 1,000 Merchandise inventory 12,500 Store supplies 5,800 Prepaid insurance 2,400 Store equipment 42,900 Accumulated depreciation-Store equipment $ 15,250 Accounts payable 10,000 Common stock 5,000 Retained earnings 27,000 Dividends 2,200 Sales 111,950 Sales discounts 2,000 Sales returns and allowances 2,200 Cost of goods sold 38,400 Depreciation expense-Store equipment O Sales salaries expense 17,500 office salaries expense 17,500 Insurance expense Rent expense-Selling space 7,500 Rent expense-office space Store supplies expense Advertising expense Totals: Additional Information: nijebio at fiscal year-end amount to $1,750. 7,500 9,800 $ 169,200 $ 169,200 He