omework Saved GLO403 (Algo). Based on Problem 4-5A LO C1, P3 The fiscal year-end unadjusted trial balance for Taylor Company is found on the trial balance tab. Rent expense and solaries expense are equally divided between selling activities and general and administrative activities. Taylor Company uses a perpetual inventory system Descriptions of items that require adjusting entries on January 31, 2020, follow. Store supplles still available at fiscal year end amount to $2,400 b. Expired Insurance, an administrative expense, for the fiscal year is $1660. c. Depreciation expense on store equipment, a selling expense, is $6,200 for the fiscal year d. To estimate shrinkage a physical count of ending merchandise inventory is taken it shows $10,720 of inventory is still available at fiscal year-end Requirement General Journal General Ledger Trial Balance Multiple Step Single Step Is Balance Sheet Ratios IS For transactions 14 prepare the required adjusting Journal entries. For transactions 5-8, prepare the required closing entries. Test browser=0&aunchUrl=hl Chapter 4 Homework Soved 6 Taylor Company Income Statement For Year Ended January 31, 2020 5 olnts $ 0 $ 0 8 00:33:57 0 Net sales eBook 0 Gross profit 0 Print 0 References 0 w