Required information [The following information applies to the questions displayed below.] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson 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 $ 14,250 Merchandise inventory 15,000 Store supplies 6,000 Prepaid insurance 2,500 Store equipment 43,000 Accumulated depreciation-Store equipment $ 18,800 Accounts payable 17,000 Common stock 3,000 Retained earnings 26,000 Dividends 2,250 Sales 115,700 Sales discounts 1,900 Sales returns and allowances 2,200 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 14,350 Office salaries expense 14,350 Insurance expense Rent expense-Selling space 8,500 Rent expense-Office space Store supplies expense Advertising expense Totals: 8,500 0 9,700 $ 180,500 $ 180,500 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,550. b. Expired insurance, an administrative expense, is $1,750 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,575 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: 4 ein the shown information ranara adictio Journal entry worksheet < 2 3 4 Store supplies still available at fiscal year-end amount to $2,550. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general Journal Required 1 Required 2 > > < 2 3 Expired insurance, an administrative expense, is $1,750 for the fiscal year. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal Required 2 > > < 2 3 Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal Regulrad f Required 2 > > Journal entry worksheet < 1 2 3m 4 Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 >