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Pastina Company sells various types of pasta to grocery chains as private label brands. The companys reporting yearend is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account fl'itle Debits red-its Cash 32,400 Accounts receivable 41,200 Supplies 2,100 Inventory 61,200 Notes receivable 21,200 Interest receivable 0 Prepaid rent 2,000 Prepaid insurance 6,600 Office equipment 34,800 Accumulated depreciation 31,800 Accounts payable 32,200 Salaries payable 0 Notes payable 51,200 Interest payable 0 Deferred sales revenue 2,600 Common stock 67,800 Retained earnings 31,500 Dividends 5,200 Sales revenue 152,000 Interest revenue 0 Cost of goods sold T6,000 Salaries expense 19,500 Rent expense 11,600 Depreciation expense 0 Interest expense 0 Supplies expense 1,700 Insurance expense 0 Advertising expense 3:500 Totals 369,100 369,100 Information necessary to prepare the yearend adjusting entries appears below. 1. Depreciation on the ofce equipment for the year is $10,600. 2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th ofthe following month for salaries earned from the 16111 through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,500. 3. On October 1, 2021, Pastina borrowed $51,200 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 $21,200 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 $6,600 for a oneyear re insurance policy. The entire $6,600 was debited to prepaid insurance. 6. $800 of supplies remained on hand at December 31, 2021. 7. A customer paid Pastina $2,600 in December for 1,536 pounds 01 spaghetti to be delivered in January 2022 Pastina credited deferred sales revenue. 8. On December 1, 2021, $2,000 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022, at $1,000 per month. The entire amourlt was debited to prepaid rent. Required: Prepare the necessary December 31, 2021, adjusting journal entries. [If no entry is required for a transactiom'event, select "No journal entry required" in the rst account eld. Do not round intermediate calculations. Round your nal answers to nearest whole dollar amount} Journal entry worksheet 2 3 4 5 6 7 8 Depreciation on the office equipment for the year is $10,600. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
