P2-3 and P2-4 (Algo) Adjusting entries, Accounting cycle; adjusting entries through post-closing trial balance [LO24,26,27,28] [The following information applies to the questions displayed below.] 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, 2024, appears below. Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $11,000. 2. Employee salaries are paid twice a month, on the 22 nd for salaries earned from the 1st through the 15 th, and on the 7 th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2024, were \$1,250. 3. On October 1,2024 , Pastina borrowed $52,000 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, 2024, the company lent a supplier $22,000, and a note was signed requiring principal and interest at 8% to be paid on February 28, 2025. 5. On April 1, 2024, the company paid an insurance company $8,000 for a one-year fire insurance policy. The entire $8,000 was debited to prepaid insurance at the time of the payment. 6. $770 of supplies remained on hand on December 31, 2024. 7. The company received $3,000 from a customer in December for 1,250 pounds of spaghetti to be delivered in January 2025. Pastina credited deferred sales revenue at the time cash was received. 8. On December 1, 2024, $1,900 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $950 per month. The entire amount was debited to prepaid rent at the time of the payment. Prepare the necessary December 31, 2024, adjusting journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Journal entry worksheet 2345678 Depreciation on the office equipment for the year is $11,000. Prepare the necessary adjusting entry on December 31, 2024. Note: Enter debits before credits