The fiscal year-end unadjusted trial balance for Duerr Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Duerr Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $3,000. b. Expired insurance, an administrative expense, for the fiscal year is $1,900. c. Depreciation expense on store equipment, a selling expense, is $6,400 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,560 of inventory is still available at fiscal year-end. Unadjusted Dates: Jan 31 to: Jan 31 Duerr Company Trial Balance January 31, 2017 Account Title Credit $ Debit 20,900 12,300 9,000 3,000 64,000 28,800 15,000 10,000 34,500 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation - Store equip. Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Salaries expense Rent expense Advertising expense Total 5,200 137,000 4,100 4,300 41,000 36,000 14,400 11,100 225,300 $ $ 225,300 General Ledger Account Cash Debit Merchandise inventory Debit Credit No. Date Credit No. Balance 20,900 Date Jan 31 Balance 12,300 Jan 31 Store supplies Debit Credit Prepaid insurance Debit Credit No. No. Date Jan 31 Balance 9,000 Date Jan 31 Balance 3,000 Store equipment Debit Credit No. Date No. Balance 64,000 Accumulated depreciation - Store equip. Date Debit Credit Jan 31 Balance 28,800 Jan 31 Accounts payable Debit Credit Common stock Debit Credit No. Date No. Balance 15,000 Date Jan 31 Balance 10,000 Jan 31 Dividends Retained earnings Debit Credit No. Date No. Date Debit Credit Balance 34,500 Balance 5,200 Jan 31 Jan 31 Sales Sales discounts No. Date Debit Credit Balance No. Date Debit Credit Balance 4,100 Jan 31 137,000 Jan 31 Sales returns and allowances Debit Credit Cost of goods sold Debit Credit No. Date No. Balance Balance 4,300 Jan 31 Date Jan 31 41,000 Rent expense Salaries expense Debit Credit No. No. Debit Credit Date Jan 31 Balance 36,000 Date Jan 31 Balance 14,400 Advertising expense Debi Credit No. Date Balance 11,100 Jan 31 General Journal Trial Balance > Journal entry worksheet 1 2 3 4 5 6 7 8 > Store supplies still available at fiscal year-end amount to $3,000. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 3,000 Store supplies 3,000 Journal entry worksheet Depreciation expense on store equipment, a selling expense, is $6,400 for the fiscal year. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Journal entry worksheet To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,560 of inventory is still available at fiscal year-end. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Record entry Clear entry View general journal Journal entry worksheet Compute the following ratios as of January 31, 2017. Round each ratio to 2 decimal places. Dates: Jan 31 to: Jan 31 Current ratio Acid-test ratio Gross margin ratio