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Business, 06.07.2019 18:30 simrankaurdhatt

Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. nelson company uses a perpetual inventory system. additional information: a. store supplies still available at fiscal year-end amount to $1,750. b. expired insurance, an administrative expense, for the fiscal year is $1,400. c. depreciation expense on store equipment, a selling expense, is $1,525 for the fiscal year. d. 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.

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