Unadjusted Trial Balance

The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON C Unadjusted Trial Balance January 31, 2017 Debit Credit Cash Merchandise inventory Store supplies Prepaid insurance $ -1,45e 13,800 5,500 2,680 42,980 Store equipment s 17,3se 14,800 17,000 Accumulated depreciation-Store equipment Accounts payable . Nelson, Capital . Nelson, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-store equipment Salaries expense Insurance expense Rent expense 2,050 114,850 1,800 2,200 38,000 30,800 16,000 9,800 Store supplies expense Advertising expense Totals $163,200 $163,200 Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nelson Company uses a perpetual Inventory system.