5. On April 1, 2016, the company paid an insurance company $6,000 for a two-year fire insurance policy. The entire $6,000 was debited to insurance expense. P 2-3 Adjusting entries Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2016, appears below. Account Title Debits Credits Cash 30,000 Accounts receivable 40,000 Supplies 1,500 Inventory 60,000 Note receivable 20,000 Interest receivable Prepaid rent 2,000 Prepaid insurance Office equipment 80,000 Accumulated depreciation office equipment 30,000 31,000 Accounts payable Salaries and wages payable Note payable 50,000 Interest payable Deferred revenue Common stock Retained earnings 60,000 24,500 148,000 Sales revenue -0- Interest revenue Cost of goods sold Salaries and wages expense 70,000 18,900 11,000 Rent expense Depreciation expense Interest expense Supplies expense Insurance expense 1,100 6,000 3,000 343,500 343.500 Advertising expense Totals