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Question5.

Required1-3.

Journal entry worksheet 34 Store supplies still available at fiscal year-end amount to $1,750. Note: Enter debits before credits. Journal entry worksheet Expired insurance, an administrative expense, is $1,400 for the fiscal year. Note: Enter debits before credits. Journal entry worksheet Depreciation expense on store equipment, a selling expense, is $1,525 for the fiscal year. Note: Enter debits before credits. 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. Note: Enter debits before credits. NELSON COMPANY Income Statement For Year Ended January 31 Prepare a single-step income statement for the year ended January 31