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Please help me do this assignment Problem 4-5A Preparing adjusting entries and income statements: computing gross margin acid-test, and current ratios Al A2 P3 P4
Please help me do this assignment
Problem 4-5A Preparing adjusting entries and income statements: computing gross margin acid-test, and current ratios Al A2 P3 P4 The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company NELSON COMPANY Unadjusted Trial Balance January 31, 2017 Debit Credit 2 Cash 3 Merchandise inventor 4Store supplies 5 Prepaid insurance 6 Store equipment 7 Accumulated depreciation- Store equipment 8 Accounts payable 9 Common stock 10Retained earnings 1 Dividends 12 Sales 13 Sales discounts 14 Sales returns and allowances 15 Cost of goods sold 16 Depreciation expense-Store equipment 17 Salaries expense 18 Insurance expense 19 Rent expense 20 Store supplies expense 21 Advertising expense 22 Totals $ 1,000 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 $169,200 $169,200Step by Step Solution
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