Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2016, appears below. Account Title	Debits	Credits
Cash	44,600
Accounts receivable	61,000
Supplies	2,000
Inventory	80,000
Note receivable	32,100
Interest receivable	0
Prepaid rent	3,000
Prepaid insurance	0
Office equipment	100,000
Accumulated depreciationoffice equipment		37,500
Accounts payable		40,000
Salaries and wages payable		0
Note payable		74,100
Interest payable		0
Deferred revenue		0
Common stock		60,000
Retained earnings		24,500
Sales revenue		248,000
Interest revenue		0
Cost of goods sold	111,600
Salaries and wages expense	21,000
Rent expense	16,500
Depreciation expense	0
Interest expense	0
Supplies expense	1,500
Insurance expense	6,800
Advertising expense	4,000
Totals	484,100	484,100

	Information necessary to prepare the year-end adjusting entries appears below.
1.	Depreciation on the office equipment for the year is $12,500.
2.	Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2016, were $1,800.
3.	On October 1, 2016, Pastina borrowed $74,100 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, 2016, the company lent a supplier $32,100 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2017.
5.	On April 1, 2016, the company paid an insurance company $6,800 for a two-year fire insurance policy. The entire $6,800 was debited to insurance expense.
6.	$1,070 of supplies remained on hand at December 31, 2016.
7.	A customer paid Pastina $2,100 in December for 1,750 pounds of spaghetti to be delivered in January 2017. Pastina credited sales revenue.
8.	On December 1, 2016, $3,000 rent was paid to the owner of the building. The payment represented rent for December 2016 and January 2017, at $1,500 per month. 1. & 2. Post the opening balances and adjusting entires into the appropriate t-accounts. (Enter the number of the adjusting entry in the column next to the amount. Do not round intermediate calculations.)