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Accounting

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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-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining-expenses as general and administrative.
\table[[\table[[NELSON COMPANY],[Unadjusted Trial Balance],[January 31]],Debit,Credit],[Cash,$22,450,],[Merchandise inventory,12,000,],[Store supplies,5,200,],[Prepaid insurance,2,800,],[Store equipment,42,900,],[Accumulated depreciation-Store equipment,,$18,100
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