Financial and Managerial Accounting (7th Edition) Chapter 4

NELSON COMPANY Unadjusted Trial Balance January 31, 2017 Debit Credit $ 1,000 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulateddepreciation-Store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Salaries expense Insurance expense Rent expense Store supplies Advertising expense Totals 12,500 5,800 2,400 42,900 $ 15,250 10,000 5,000 27,000 2,200 111,950 2,000 2,200 38,400 35,000 15,000 9,800 expense $169,200 $169,200