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NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ 6,900 13,000 5,200 2,300 42,500 $ 19,500 13,000 16,000 2,200 115,800 Cash Merchandise inventory Store

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NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ 6,900 13,000 5,200 2,300 42,500 $ 19,500 13,000 16,000 2,200 115,800 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 1,800 2,100 38,000 12,600 12,600 8,000 8,000 0 9,100 $164,300 $164, 300 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,300. b. Expired insurance, an administrative expense, for the fiscal year is $1,400. c. Depreciation expense on store equipment, a selling expense, is $1,700 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,100 of inventory is still Anilahlan firmalar and d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,100 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

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