Need to:

Record the entry to close the revenue accounts.

• Record the entry to close the expense accounts
• Record the entry to close the dividends account.

Pastina Company sells varlous types of pasta to grocery chains as private label brands. The company's reporting year-end Is December 31. The unadjusted trlal balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 32,6ee 41,000 Accounts receivable Supplies Inventory 2.008 61,08e 21,08e Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable 1.488 7,008 84,000 31,5ee 32,eee 51,eee Interest payable Deferred sales revenue 2,508 67,08e 31,08e Comon stock Retained earnings Dividends 5,008 Sales revenue 151,000 Interest revenue 75,00e 19,40e Cost of goods sold Salaries expenser Rent expense Depreciation expense Interest expenses 11.500 Supplies expense Insurance expense Advertising expense 1,600 3,500 366,00e 366,000 Totals Information necessary to prepare the year-end adjusting entries appears below. 1. Depreclation on the office equipment for the year is $10,500. 2 Employee salarles are pald twice a month, on the 22nd for salarles earned from the 1st through the 15th, and on the 7th of the following month for salarles earned from the 16th through the end of the month. Salarles eaned from December 16 through December 31, 2021, were $1,000 3. On October 1, 2021, Pastina borrowed $51,000 from a local bank and signed a note. The note requlres interest to be pald annually on September 30 at 12%. The principal Is due In 10 years. 4. On March 1, 2021, the company lent a suppler $21,000 and a note was slgned requiring principal and Interest at 8% to be pald on February 28, 2022 5. On April 1, 2021, the company pald an Insurance company $7000 for a two-year fire Insurance policy. The entire $7,000 was debited to prepaid Insurance 6. $620 of supplies remalned on hand at December 31, 2021. 7. A customer pald Pastina $2,500 In December for 1,000 pounds of spaghettl to be dellvered in January 2022 Pastina credited deferred sales revenue. 8. On December 1, 2021, $1,400 rent was pald to the owner of the bullding. The payment represented rent for December 2021 and January 2022 at $700 per month. The entire amount was deblted to prepald rent