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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
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. Debits: 30,000 Credits 40,000 Supplies Inventory Notes receivable. 1,500 60,000 20,000 Interest receivable 0 Prepaid rent 2,000 Prepaid insurance 6,000 office equipment 80,000 Accumulated depreciation Accounts payable 30,000 31,000 Salaries payable e Notes payable 50,000 Interest payable Deferred sales revenue 0 2,000 Common stock 60,000 Retained earnings 28,500 Dividends 4,000 Sales revenue 146,000 Interest revenue 0 Cost of goods sold 70,000 Salaries expense 18,900 Rent expense 11,000 Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense. Totals 1,100 3,000 347,500 347,500
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