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(The foliowing information appies to the questions displayed below] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson company uses

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(The foliowing information appies 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-StoreEquipment, Sales Salaries Expense. Rent Expense-Selling Spoce, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. Additional information: a. Store supplies still avaliable at fiscal yeor-end amount to $2.350. b. Expired insurance, an administratve expense, is $1,500 for the fiscal year. c. Depreciation expense on store equipment a seling expense, is $1650 for the fiscal year d. To estimate shrinkage, physical count of ending merchabdese inventory is taken. it showys $11000 of irventory is still ava lable at fiscal yearend. Journal entry worksheet 4. store supplies still avallable at fiscal year-end amount to $2,350. Notes: finter detity before creots. Journal entry worksheet 4 Explred insurance, an administrative expense, is $1,500 for the fiscal year. Note: Finter debits before enedits. Journal entry worksheet Depreclation expense on store equipment, a selling expense, is $1,650 for the fiscal year. Notez Enter debits before creoits. To estimate shrinkage, a physical count of ending merchandise Inventory 15 taken. It shows $11,000 of inventory is still available at fiscal year-end. Note: Enter debits before crests. Prepare a multiple-step income statement for the year ended January 31. Drenare a sinnle-sten Income statement for the year ended January 31

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