Question: s Window Help entries and income statements; computing gross margin, acid-test, Problem 4-5A Preparing adjusting and current ratios LO A1, A2, P3, P4 (The following
s Window Help entries and income statements; computing gross margin, acid-test, Problem 4-5A Preparing adjusting and current ratios LO A1, A2, P3, P4 (The following information applies to the questions displayed below The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Unadjusted Trial Balance January 31, 2017 $ 6,250 13.000 5,800 2,500 Store sapplies id insur Store equi pment Accunulated depreciation-store eguipment Accounts payable $ 16.20 15.000 3,200 Retained earnings Dividends 2,150 2.000 38.000 29,000 14.000 116,350 Sales returns and allovances Cost of goods sold Depreciation expense-Store equipment Store supplies expense Totals 166,750 $166.750 Rent expense and salaries expense are equalily divided between selling activties and general and administrative activities. Nelson Comoanv uses a peroetual inventorv svstem
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