The fiscal year-end unadjusted trial balance for Nguyen Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nguyen Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow.

1. Store supplies still available at fiscal year-end amount to $3,200.
2. Expired insurance, an administrative expense, for the fiscal year is $1,980.
3. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year.
4. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,840 of inventory is still available at fiscal year-end.

The fiscal year-end unadjusted trial balance for Nguyen Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities Nguyen 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 $3,200. b. Expired insurance, an administrative expense, for the fiscal year is $1,980. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,840 of inventory is still available fiscal year-end. For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. The fiscal year-end unadjusted trial balance for Nguyen Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities Nguyen 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 $3,200. b. Expired insurance, an administrative expense, for the fiscal year is $1,980. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,840 of inventory is still available fiscal year-end. For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries