Alfredo Company sells several types of pasta and sauce to grocery chains. The company's reporting year$-$end is December $31.$ The unadjusted trial balance as of December $31,2022$ appears below.

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cash$,30,000,],[$Accounts Receivable,$40,000,],[$Allowance for Doubtful Accounts,$4,000,],[$Investments $-$ Available for Sale,$120,000,],[$Supplies$,1,500,],[$Inventory$,60,000,],[$Notes Receivable,$20,000,],[$Prepaid Insurance,$7,000,],[$Office equipment,$100,000,],[$Accumulated Depreciation,,$40,000],[$Accounts payable,,$31,000],[$Notes Payable,,$50,000],[$Common Stock,,$60,000],[$Retained Earnings,,$28,500],[$Sales Revenue,,$400,000],[$Cost of Goods Sold,$90,000,],[$Salaries expense,$118,900,],[$Rent expense,$13,000,],[$Supplies expense,$2,100,],[$Advertising Expense,$3,000,],[$Totals$,,]]$

Information necessary to prepare the year$-$end adjusting entries appears below.

Office equipment is depreciated at a rate of $10\%$ per year.

Employees are paid weekly on Friday, for the previous $5-$day work week. Employees were paid on Friday, December $30,$ for the week ended Friday, December $23rd.$ Weekly salaries are $$2,400$

On October $1,2022,$ Alfredo borrowed $$50,000$ from a local bank and signed a note. The note requires interest to be paid annually on September $30$ at $6\%.$ The principal is due in $10$ years.

On March $1,2022,$ the company lent a supplier $$20,000$ and a note was signed requiring principal and interest at $5\%$ to be paid February $28,2023.$

On April $1,2022$ the company paid an insurance company $$7,000$ for a one$-$year fire insurance policy.

$$600$ of supplies remained on hand at December $31,2022.$

The company received $$3,000$ from a customer in December for $1,500$ pounds of spaghetti to be delivered in January $2023.$

Management estimates that $5\%$ of receivables will become uncollectible.

In March, $2022,$ the company invested $$120,000$ in stock of a start$-$up company. As of December $31,2022,$ the investment's fair value is $$170,000$