Question
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
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 Cash Accounts receivable Supplies Debits 37,400 Credits 43,800 3,400 Inventory Notes receivable Interest receivable: 63,800 23,800 0 Prepaid rent 2,200 Prepaid insurance 7,900 Office equipment 95,200 Accumulated depreciation 35,700 Accounts payable 34,800 Salaries payable 0 Notes payable 53,800 Interest payable Deferred sales revenue 3,980 Common stock 84,700 Retained earnings 38,000 Dividends 7,800 Sales revenue 165,000 Interest revenue Cost of goods sold Salaries expense 89,000 20,800 Rent expense 12,900 Depreciation expense Interest expense Supplies expense 3,000 Insurance expense Advertising evnence 4.900)
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