NELSON COMPANY Unadjusted Trial Balance January 31 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Debit $ 30,700 13,000 5,000 Credit 2,200 42,600 Sales Accumulated depreciation-Store equipment Accounts payable J. Nelson, Capital J. Nelson, Withdrawals Sales discounts $ 19,850 17,000 38,000 2,050 114,950 2,000 Sales returns and allowances 2,250 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 14,550 Office salaries expense 14,550 Insurance expense Rent expense-Office space Store supplies expense Advertising expense Totals Additional Information: 0 Rent expense-Selling space 6,500 6,500 0 9,900 $ 189,800 $ 189,800 a. Store supplies still available at fiscal year-end amount to $1,500. b. Expired insurance, an administrative expense, is $1,500 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,675 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,500 of inventory is still available at fiscal year-end.