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2 Required information (The following information applies to the questions displayed below.) of 2 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, advertising expense. It categorizes the remaining expenses as general and administrative. ped NELSON COMPANY Unadjusted Trial Balance January 31 Book Credit TIME Debit S-3,250 15,000 5,400 2,400 42,900 Tences $ 16, 100 12,000 16,000 2,300 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 115,300 2,000 2,150 38,000 0 134750 13750 2.500 3,500 o here to search 2 Required information (The following information applies to the questions displayed below.) of 2 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, advertising expense. It categorizes the remaining expenses as general and administrative. ped NELSON COMPANY Unadjusted Trial Balance January 31 Book Credit TIME Debit S-3,250 15,000 5,400 2,400 42,900 Tences $ 16, 100 12,000 16,000 2,300 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 115,300 2,000 2,150 38,000 0 134750 13750 2.500 3,500 o here to search