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. Account Title Cash Accounts receivable Supplies Inventory Notes receivable Debits $ 32,300 Credits 40,800 1,900 60,800 20,800 Interest receivable 0 Prepaid rent 1,300 Prepaid insurance 6,800 Office equipment 83,200 Accumulated depreciation $ 31,200 Accounts payable 31,800 Salaries payable 0 Notes payable 50,800 Interest payable Deferred sales revenue 2,400 Common stock 65,600 Retained earnings 30,500 Dividends 4,800 Sales revenue 150,000 Interest revenue 0 Cost of goods sold 74,000 Salaries expense 19,300 Rent expense 11,400 Depreciation expense 0 Interest expense 0 Supplies expense Insurance expense Advertising expense 1,500 0 3,400 $ 362,300 $ 362,300 Totals Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,400. 2. 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, 2024, were $950. 3. On October 1, 2024, Pastina borrowed $50,800 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 $20,800, 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 $6,800 for a one-year fire insurance policy. The entire $6,800 was debited to prepaid insurance at the time of the payment. 6. $590 of supplies remained on hand on December 31, 2024. 7. The company received $2,400 from a customer in December for 950 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, $1,300 rent was paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $650 per month. The entire amount was debited to prepaid rent at the time of the payment.