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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 Debits 30,000 Credits: Accounts receivable Supplies Inventory Notes receivable 40,000 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 1 Salaries payable. 0 Notes payable 50,000 Interest payable B Deferred sales revenue 2,000 Common stock 60,000 Retained earnings 28,500 Dividends 4,000 Sales revenue 146,000 Interest revenue e 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 0 3,000 347,500 347,500
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