Problem 5-5a

please help.

NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ -1,500 14,000 5,900 2,700 42,900 $ 16,350 16,000 17,000 2,150 114,700 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable 3. 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 2,050 2,250 38,000 15,900 15,900 7,000 7,000 @ 9,800 $164,050 $164,050 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,800. b. Expired insurance, an administrative expense, for the fiscal year is $1,750. c. Depreciation expense on store equipment, a selling expense, is $1,625 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. Required information Using the above information prepare adjusting journal entries. View transaction list Journal entry worksheet 2 3 4 1 > Store supplies still available at fiscal year-end amount to $2,800. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Using the above information prepare adjusting journal entries. View transaction list Journal entry worksheet Using the above information prepare adjusting journal entries. View transaction list Journal entry worksheet Depreciation expense on store equipment, a selling expense, is $1,625 for the fiscal year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Using the above information prepare adjusting journal entries. View transaction list Journal entry worksheet Yeal EEU January NELSON COMPANY Income Statement For Year Ended January 31 Expense Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a single-step income statement for the year ended January 31. NELSON COMPANY Income Statement For Year Ended January 31 Expenses Total expenses