Credit Debit $ 25, 350 13,500 5,200 2,700 42,700 $ 16,300 17,000 41,000 NELSON COMPANY Unadjusted Trial Balance January 31 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable J. Nelson, Capital J. Nelson, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Sales salaries expense Office salaries expense Insurance expense Rent expense-Selling space Rent expense-Office space Store supplies expense Advertising expense Totals 2,200 115,450 1,900 2,100 38,000 14,850 14,850 @ 8,500 8,500 0 9,400 $ 189,750 $ 189,750 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,450. b. Expired insurance, an administrative expense, is $1,550 for the fiscal year Check my w ,14 Ice Sddles expense Insurance expense Rent expense-selling space Rent expense-Office space Store supplies expense Advertising expense Totals 8,580 8,500 @ 9,400 $ 189,750 $ 189,750 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,450. 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 $10,800 of inventory is still available at fiscal year-end. 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 ratio Gross margin ratio :1 :1 :1