The fiscal year-end unadjusted trial balance for Lee Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Lee 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 $1,850. b. Expired insurance, an administrative expense, for the fiscal year is $1,440. c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $9,590 of inventory is still available at fiscal year-end. Requirement General General Multiple Step Trial Balance Journal Ledger Ratios Single Step Is Balance Sheet IS Each journal entry is posted automatically to the general ledger. Think of the general ledger as sorting all of your journal entries by account title. Click on any of the individual amounts to return to the underlying journal entry. Unadjusted General Ledger Account Cash Debit Merchandise inventory Debit Credit No. Credit Date Jan 31 Balance 10,150 No. Date Jan 31 Balance 10.200 Store supplies Debit Credit Prepaid insurance Debit Credit No. No. Date Date Jan 31 Balance 5,550 Jan 31 Balance 2,300 Cincinman Am. vu WI. Store equipment No. Date Debit Credit No. Accumulated depreciation - Store equip Date Debit Credit Jan 31 Balance Balance 61,000 Jan 31 27,450 Accounts payable Debit Credit No. Common stock Debit Credit Date Jan 31 No. Balance 10,400 Date Jan 30 Balance 5,400 Dividends Retained earnings Debit Credit No. No. Date Debit Date Jan 31 Credit Balance 27,600 Balance 4,100 Jan 31 Sales No. Debit Date Jan 31 Sales discounts Debit Credit Credit No. Balance 114,000 Date Jan 31 Balance 3,400 No. Sales returns and allowances Date Debit Credit Jan 31 Cost of goods sold Debit Credit Balance 3,600 No Date Jan 31 Balance 34,000 Salaries expense Debit Credit No. Date Jan 31 No Rent expense Debit Balance 29,000 Date Credit Jan 31 Balance 11,600 Advertising expense Debit Credit No. Date Jan 31 Balance 9,950 Unadjusted Dates: Jan 31 to: Jan 31 Lee Company Trial Balance January 31, 2017 Account Title Debit Credit $ 10,150 10,200 5,550 2,300 61,000 27,450 10,400 5,400 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 27,600 4,100 114,000 3,400 3,600 34,000 29,000 11,600 9,950 184,850 $ $ 184,850 Unadjusted Lee Company Income Statement For Year Ended January 31, 2019 $ 0 $ 0 0 Net sales 0 0 Gross profit 0 0 0 Lee Company Income Statement For Year Ended January 31, 2019 $ 0 $ $ 0 Net sales 0 0 Gross profit 0 0 0 0