int rences The following unadjusted tnal balance is prepared at fiscal year-end for Neison Company. Neison 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 Credit Cash Merchandise inventory $24,700 15,000 Store supplies 5,400 Prepaid insurance 2,500 Store equipment 42,800 Accumulated depreciation-Store equipment 5 18,050 Accounts payable 13,000 J. Nelson, Capital 38,000 J. Nelson, Withdrawals 2,200 Sales 115,500 Sales discounts 1,900 Sales returns and allowances 2,250 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 14,000 office salaries expense 14,000 Insurance expense 0 Rent expense-selling space 6,000 Rent expense-office space 6,000 Store supplies expense 0 Advertising expense Totals 9,000 5184,550 5184,550 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,750. b. Expired insurance, an administrative expense, is $1,750 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,300 of inventory is still available at fiscal year-end. Ch