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. Credits Debits 33,280 41,400 2,200 61,400 21,400 8 1,600 7,480 89,680 32,100 32,400 51.480 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent wxpense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 2,700 69,00 22,00 540 153,000 17,00 19,60 373400 175,000 Information necessary to prepare the year-end adjusting entries appears below, Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,700. 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 $1,100 3. On October 1, 2021, Pastina borrowed $51,400 from a local bank and signed a note. The note requires interest to be Pald annually on September 30 at 12%. The principal is due in 10 years." 4. On March 1, 2021, the company lent a supplier $21,400 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 $7.400 for a one-year fire Insurance policy. The entire $7,400 was debited to prepald Insurance 6. $680 of supplies remained on hand at December 31, 2021 7. A customer pald Pastina $2,700 in December for 1100 pounds of spaghett to be delivered in January 2022 Pastina credited deferred sales revenue. 8. On December 1, 2021, $1.500 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022, at $800 per month. The entire amount was debited to prepaid rent Required: 1. & 2. Post the unadjusted balances and adjusting entires into the appropriate t-accounts. (Enter the number of the adjusting entry in the column next to the amount. Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) Cash Accounts Receivable Bogbal Endbal End Prurin Beg. bal. Beg. bal End, bal End, bal Supplies Inventory Beg. bal. Beg, bal End, bal End, bal Note Receivable Office Equipment Beg. bal. Beg, bal End, bal End, bal. Interest Receivable Accumulated Depreciation Beg bal. Beg, bal End, bal End, bal Salarios Payable Beg. bal. Beg. bal. End, bal. End, bal Note Payable Interest Payable Beg. bal. Beg. bal. End, bal. End. bal. Deferred Sales Revenue Common Stock Beg. bal. Beg. bal. End. bal. End, bal. Retained Earnings Dividends Beg. bal Beg. bal. End. bal End, bal Sales Re Interest Raven Beg. bal. Beg. bal. End. bal. End. bal. Cost of Goods Sold Salaries Expense Beg. bal. Beg. bal. End, bal. End. bal. Rent Expense Depreciation Expense Beg. bal. Beg. bal. End, bal End, bal Interest Expense Supplies Expense Beg bal. Beg bai. End, bal End, bal Insurance Expense Advertising Expense Beg. bal. Beg. bal. End, bal End. bal
