The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company.

Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. Nelson Company uses a perpetual inventory system.

Required

1. Prepare adjusting journal entries to reflect each of the following:

The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company