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, 2021, appears below Account Title Debits Credits Cash 31,400 Accounts receivable 40,200 Supplies 1,600 Inventory 60,200 Notes receivable 20,200 Interest receivable 0 Prepaid rent 1,000 Prepaid insurance 6,200 Office equipment 80,800 Accumulated depreciation 30,300 Accounts payable 31,200 Salaries payable 0 Notes payable 50,200 Interest payable 0 Deferred sales revenue 2,100 Common stock 61,400 Retained earnings 29,000 Dividends 4,200 Sales revenue 147,000 Interest revenue 0 Cost of goods sold 71,000 Salaries expense 19,000 Rent expense 11,100 Depreciation expense 0 Interest expense 0 Supplies expense 1,200 Insurance expense 0 Advertising expense 3,100 Totals 351,200 351,200 Information necessary to prepare the year end adjusting entries appears below Depreciation on the office equipment for the year is $10,100 Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month Salaries earned from December 16 through December 31, 2021, were $800 On October 1, 2021, Pastina borrowed $50,200 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, 2021, the company lent a supplier $20,200 and a note was signed requiring principal and interest at 8 to be paid on February 28, 2022 On April 1, 2021, the company paid an insurance company $6,200 for a one year fire insurance policy The entire $6,200 was debited to prepaid insurance $500 of supplies remained on hand at December 31, 2021 A customer paid Pastina $2,100 in December for 800 pounds of spaghetti to be delivered in January 2022 Pastina credited deferred sales revenue On December 1, 2021, $1,000 rent was paid to the owner of the building The payment represented rent for December 2021 and January 2022 at $500 per month The entire amount was debited to prepaid rent

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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

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, 2021, appears below.

Account Title	Debits	Credits
Cash	31,400
Accounts receivable	40,200
Supplies	1,600
Inventory	60,200
Notes receivable	20,200
Interest receivable	0
Prepaid rent	1,000
Prepaid insurance	6,200
Office equipment	80,800
Accumulated depreciation		30,300
Accounts payable		31,200
Salaries payable		0
Notes payable		50,200
Interest payable		0
Deferred sales revenue		2,100
Common stock		61,400
Retained earnings		29,000
Dividends	4,200
Sales revenue		147,000
Interest revenue		0
Cost of goods sold	71,000
Salaries expense	19,000
Rent expense	11,100
Depreciation expense	0
Interest expense	0
Supplies expense	1,200
Insurance expense	0
Advertising expense	3,100
Totals	351,200	351,200

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

Depreciation on the office equipment for the year is $10,100.
Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $800.
On October 1, 2021, Pastina borrowed $50,200 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, 2021, the company lent a supplier $20,200 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.
On April 1, 2021, the company paid an insurance company $6,200 for a one-year fire insurance policy. The entire $6,200 was debited to prepaid insurance.
$500 of supplies remained on hand at December 31, 2021.
A customer paid Pastina $2,100 in December for 800 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.
On December 1, 2021, $1,000 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $500 per month. The entire amount was debited to prepaid rent.