Check 3 Credit 2017 Debit 5. 20,900 13,500 3.100 2.200 NELSON COMPANY Unded trial balance January 21 Carb Merchandise inventory store supplies Prepaid Linurance store equipment Accumulated depreciation-store equipent Accounts payable 7. Nelson, Capital J. Nelson, withdrawal Part 2 of 2 12,700 $ 18.500 14,000 37,000 20 point 2.250 116,000 Ferences Sales discounts Sales return and allowances Cost of goods sold Depreciation expenstore equipment Sales salaries expense office salaries expense Insurance expense Rent expenselling space Hent expense-office space store sopplies expense Advertising expense Totale 1,950 2,100 38.000 0 14,450 14,450 9,000 5.000 0 100 $185,500 185,500 Additional Information: a. Store supplies still available at fiscal year-end amount to $3,000 b. Expired insurance, an administrative expense, is $1,550 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,550 for the fiscal year d. To estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $11,000 of inventory is still available at fiscal year-end DALIACEA IA ADA A 5 a Pue of 3 Next 3 Tales salaries expense office salarien expen Tonurance expense Rent penselling space Rent expertorion aparte store supplies experto Advertising expense Totals 14.450 14.450 0 9.000 9.000 0 9,900 # 185,500 Part 2 2012 5.185.500 Additional information 20 a. Store supples still available at fiscal year end amount to $3,000 b. Expired insurance, an administrative expenses $1550 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1550 for the fiscal year d. to estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $11.000 of inventory is still available at fiscal year-end Problem 5.5A (Algo) Part 4 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31 (Round your answers to 2 decimal places.) Current ratio Acid-test rate Groos margintatie -1 1 -1 CO Pro I!! Next