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The following unadjusted trial balance is prepared at fiscal yearend for Nelson Company. Nelson Company uses a perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation ExpenseStore Equipment, Sales Salaries Expense, Rent ExpenseSelling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remainingexpenses as general and administrative.
tabletableNELSON COMPANYUnadjusted Trial BalanceJanuary Debit,CreditCash$Merchandise inventory,Store supplies,Prepaid insurance,Store equipment,Accumulated depreciationStore equipment,,$
