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, 2018, appears below Account Title Debits Credits Cash 41,300 Accounts receivable 42,000 Supplies 1,050 Inventory 62,000 Note receivable 15,900 Interest receivable 0 Prepaid rent 1,100 Prepaid insurance 0 Office equipment 62,000 Accumulated depreciationoffice equipment 23,250 Accounts payable 21,000 Salaries and wages payable 0 Note payable 45,900 Interest payable 0 Deferred revenue 0 Common stock 60,000 Retained earnings 15,500 Sales revenue 158,000 Interest revenue 0 Cost of goods sold 71,100 Salaries and wages expense 15,300 Rent expense 6,050 Depreciation expense 0 Interest expense 0 Supplies expense 550 Insurance expense 3,200 Advertising expense 2,100 Totals 323,650 323,650 Information necessary to prepare the year end adjusting entries appears below Depreciation on the office equipment for the year is $7,750 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, 2018, were $850 On October 1, 2018, Pastina borrowed $45,900 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 On March 1, 2018, the company lent a supplier $15,900 and a note was signed requiring principal and interest at 8 to be paid on February 28, 2019 On April 1, 2018, the company paid an insurance company $3,200 for a two year fire insurance policy The entire $3,200 was debited to insurance expense $530 of supplies remained on hand at December 31, 2018 A customer paid Pastina $1,020 in December for 850 pounds of spaghetti to be delivered in January 2019 Pastina credited sales revenue On December 1, 2018, $1,100 rent was paid to the owner of the building The payment represented rent for December 2018 and January 2019, at $550 per month Required 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 Round your final answers to nearest whole dollar )

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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

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, 2018, appears below.

Account Title	Debits	Credits
Cash	41,300
Accounts receivable	42,000
Supplies	1,050
Inventory	62,000
Note receivable	15,900
Interest receivable	0
Prepaid rent	1,100
Prepaid insurance	0
Office equipment	62,000
Accumulated depreciationoffice equipment		23,250
Accounts payable		21,000
Salaries and wages payable		0
Note payable		45,900
Interest payable		0
Deferred revenue		0
Common stock		60,000
Retained earnings		15,500
Sales revenue		158,000
Interest revenue		0
Cost of goods sold	71,100
Salaries and wages expense	15,300
Rent expense	6,050
Depreciation expense	0
Interest expense	0
Supplies expense	550
Insurance expense	3,200
Advertising expense	2,100
Totals	323,650	323,650

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

Depreciation on the office equipment for the year is $7,750.
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, 2018, were $850.
On October 1, 2018, Pastina borrowed $45,900 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.
On March 1, 2018, the company lent a supplier $15,900 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019.
On April 1, 2018, the company paid an insurance company $3,200 for a two-year fire insurance policy. The entire $3,200 was debited to insurance expense.
$530 of supplies remained on hand at December 31, 2018.
A customer paid Pastina $1,020 in December for 850 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.
On December 1, 2018, $1,100 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $550 per month.

Required:

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. Round your final answers to nearest whole dollar.)