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 Inventory Notes receivable Interest receivable Debits 31,400 Credits 40,800 1,900 60,800 20,800 Prepaid rent 2,200 Prepaid insurance 6,400 Office equipment 83,200 Accumulated depreciation Accounts payable 31,200 31,800 Salaries payable @ Notes payable 50,800 Interest payable e Deferred sales revenue 2,400 Connon stock 65,200 Retained earnings 30,500 Dividends 4,800 Sales revenue 150,000 Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense 74,000 19,300 11,400 B Supplies expense Insurance expense Advertising expense Totals 1,500 B 3,400 361,900 361,900 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, 2021, were $1,600. 3. On October 1, 2021. 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, 2021, the company lent a supplier $20,800 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022 5. On April 1, 2021, the company paid an insurance company $6.400 for a one-year fire Insurance policy. The entire $6.400 was debited to prepaid Insurance. 6. $700 of supplies remained on hand at December 31, 2021. 7. A customer paid Pastina $2.400 in December for 1,524 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 307 1200 rent une pold: comber 3031 and