HELP!!! need to finish this ASAP!!!
1. Defreciation en the ghice equireent for tho yet is 110.000 through the end of the minth. 5a arats eamed tion December sh Erbogh Deceminet 35. 2021 were 51.400 prievopal and intereit at 9% to be pay on Fobruary 28,4922 . 6. 3960 of supplea remained on hilnd at oecember 31,2021 . in saruary 2ox2. Pastina credbed delerted saks revenue. 8. On December 1,2021, \$2.400 rent was paid to the cwner af the balang. The payment represemed rent foc December 2021 and Jaraary 2022 . at 31.200 per month. The entire amount was debied to prepaid weet Required: Follow the accounting processing oycle and work through the folowing items 1. Enter the unadusted balances from the above trai balance into T-yoceurts. 2. Prepare the adjusting journat entries for the above zanspcions and post these entres 10 tre. appoopriate T-acoounts. 3. Prepare an adjussed tral balance. 4. Prepare an income statenient for 2021. 5. Prepare a balance sheer as of December 31, 2021 6. Prepare a statement of sharehoiders equity as of December 31,2021 7. Prepare and post the closing entries. 8. Prepare a post closing tial balsnoe. Information necessary to prepaen the yoar-end adueting entries appews telitur 1. Depincabion on the office equepert for the yew is 310.800 2. Employee salanes are paid twoe a monith, on the 22 nd for saiaries nig ed trom tre 18 . throogh the 15th and on the 7 th of the folowitg monith tar waiares eaned tom the 160. through the end of the more. Solarien earned fiom Deceniber 16 trueugh Decerber 31 . 2021, were 51,400 3. On October 1. 2021. Pastina bonowed $51.600 trom a locil barik and sgred a notr. The note requires interest te be paid annually on Eoctereber 30 an 124 . The princiear is ase in 10 yeare. 4. On March 1,2021, the company lent a supplier 321,090 and a note was soges reaurng principal and interest at pht to be paid on February 28.2062 5. On Apri 1, 2021, the company pid as insurance eempany 36.800 tor a oreytar frem insurance poicy. The entie 55.580 was debited to prepaid nsurance 6. $900 of supplies remained on hand a December 35 . 2921 . 7. A customer pad Pastina $2,600 in December for 1.549 pounds of spagheo to tee deliwoed in Jaryary 2022 . Pastina credites deferred sales reverice 8. On December 1, 2021, $2.400 rect was paid to the owner of the buiding The paymert represented rent for December 2021 and January 2022, at $1.200 per month. The entre amount was debiked to prepoid rent. Required: Folow the accoueting processing cycle and work through the following neris 1. Enber the unadjusted bs ances trom the above tiak palince into Tr-accounts. 2. Prepare the adjusing journal enties for the above traruactions and post Fose eraties to the appropeiale T-accounts. 3. Prepare an adjusied tral balance. 4. Prepare an income statertent for 2021 5. Prepare a balance sheet as of December 31, 2021 6. Prepare a statement of shareholders' equity as of December \$1. 2te1 7. Prepare and post the closing entries. 8. Prepare a post-closing trial balgnce. Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31 . 2021. andears below. Information necessary to prepare the year-end adjusting entries appears below. Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,800. 2. Employee salaries are paid twice a month, on the 22 nd for salaries earned from the 1 st through the 15 th, and on the 7 th of the following month for salaries earned from the 16 th through the end of the month. Salaries earned from December 16 through December 31 . 2021 , were $1,400. 3. On October 1, 2021. Pastina borrowed $51,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years. 4. On March 1, 2021, the company lent a supplier $21,600 and a note was signed requiring principal and interest at 9% to be paid on February 28,2022. 5. On April 1, 2021, the company paid an insurance company $6,800 for a one-year fire insurance policy. The entire $6,800 was debited to prepaid insurance. 6. $900 of supplies remained on hand at December 31,2021. 7. A customer paid Pastina $2,800 in December for 1,548 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1,2021,$2,400 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022, at $1,200 per month. The entire amount was debited to prepaid rent. Required: Follow the accounting processing cycle and work through the following items: 1. Enter the unadjusted balances from the above trial balance into T-accounts. 2. Prepare the adjusting journal entries for the above transactions and post those entries to the appropriate T-accounts. 3. Prepare an adjusted trial balance. 4. Prepare an income statement for 2021. 5. Prepare a balance sheet as of December 31,2021. 6. Prepare a statement of shareholders' equity as of December 31, 2021 7. Prepare and post the closing entries. 8. Prepare a post-closing trial balance