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.

a.

Store supplies still available at fiscal year-end amount to $2,000.

b.

Expired insurance, an administrative expense, for the fiscal year is $1,500.

c.

Depreciation expense on store equipment, a selling expense, is $1,550 for the fiscal year.

d.

To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,900 of inventory is still available at fiscal year-end.

1.	Using the above information prepare adjusting journal entries: