Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands The companys fiscal year end is December 31 The unadjusted trial balance as of December 31, 2013, appears below Account Title Debits Credits Cash 39,000 Accounts receivable 49,000 Supplies 1,500 Inventory 69,000 Note receivable 29,000 Interest receivable 0 Prepaid rent 2,000 Prepaid insurance 0 Equipment 80,000 Accumulated depreciationequipment 30,000 Accounts payable 40,000 Wages payable 0 Note payable 59,000 Interest payable 0 Unearned revenue 0 Common stock 69,000 Retained earnings 36,380 Sales revenue 157,000 Interest revenue 0 Cost of goods sold 79,000 Wage expense 19,800 Rent expense 11,000 Depreciation expense 0 Interest expense 0 Supplies expense 1,100 Insurance expense 7,080 Advertising expense 3,900 Totals 391,380 391,380 Information necessary to prepare the year end adjusting entries appears below 1 Depreciation on the equipment for the year is $10,000 2 Employee wages are paid twice a month, on the 22nd for wages earned from the 1st through the 15th, and on the 7th of the following month for wages earned from the 16th through the end of the month Wages earned from December 16 through December 31, 2013, were $1,500 3 On October 1, 2013, Pastina borrowed $59,000 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, 2013, the company lent a supplier $29,000 and a note was signed requiring principal and interest at 9 to be paid on February 28, 2014 5 On April 1, 2013, the company paid an insurance company $7,080 for a two year fire insurance policy The entire $7,080 was debited to insurance expense 6 $800 of supplies remained on hand at December 31, 2013 7 A customer paid Pastina $2,900 in December for 1,770 pounds of spaghetti to be manufactured and delivered in January 2014 Pastina credited sales revenue 8 On December 1, 2013, $2,000 rent was paid to the owner of the building The payment represented rent for December and January 2014, at $1,000 per month

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Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The companys fiscal year-end is December 31. The unadjusted

Pastina Company manufactures and sells various types of pasta to grocery chains as private label brands. The companys fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2013, appears below.

Account Title	Debits	Credits
Cash	39,000
Accounts receivable	49,000
Supplies	1,500
Inventory	69,000
Note receivable	29,000
Interest receivable	0
Prepaid rent	2,000
Prepaid insurance	0
Equipment	80,000
Accumulated depreciationequipment	30,000
Accounts payable	40,000
Wages payable	0
Note payable	59,000
Interest payable	0
Unearned revenue	0
Common stock	69,000
Retained earnings	36,380
Sales revenue	157,000
Interest revenue	0
Cost of goods sold	79,000
Wage expense	19,800
Rent expense	11,000
Depreciation expense	0
Interest expense	0
Supplies expense	1,100
Insurance expense	7,080
Advertising expense	3,900

Totals	391,380	391,380

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

1.	Depreciation on the equipment for the year is $10,000.
2.	Employee wages are paid twice a month, on the 22nd for wages earned from the 1st through the 15th, and on the 7th of the following month for wages earned from the 16th through the end of the month. Wages earned from December 16 through December 31, 2013, were $1,500.
3.	On October 1, 2013, Pastina borrowed $59,000 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, 2013, the company lent a supplier $29,000 and a note was signed requiring principal and interest at 9% to be paid on February 28, 2014.
5.	On April 1, 2013, the company paid an insurance company $7,080 for a two-year fire insurance policy. The entire $7,080 was debited to insurance expense.
6.	$800 of supplies remained on hand at December 31, 2013.
7.	A customer paid Pastina $2,900 in December for 1,770 pounds of spaghetti to be manufactured and delivered in January 2014. Pastina credited sales revenue.
8.	On December 1, 2013, $2,000 rent was paid to the owner of the building. The payment represented rent for December and January 2014, at $1,000 per month.