Pastina Company sells various types of pasta to grocery chains as private label brands The companys reporting year end is December 31 The unadjusted trial balance as of December 31, 2021, appears below Account Title Debits Credits Cash 34,800 Accounts receivable 42,400 Supplies 2,700 Inventory 62,400 Notes receivable 22,400 Interest receivable 0 Prepaid rent 2,000 Prepaid insurance 7,200 Office equipment 89,600 Accumulated depreciation 33,600 Accounts payable 33,400 Salaries payable 0 Notes payable 52,400 Interest payable 0 Deferred sales revenue 3,200 Common stock 75,600 Retained earnings 34,500 Dividends 6,400 Sales revenue 158,000 Interest revenue 0 Cost of goods sold 82,000 Salaries expense 20,100 Rent expense 12,200 Depreciation expense 0 Interest expense 0 Supplies expense 2,300 Insurance expense 0 Advertising expense 4,200 Totals 390,700 390,700 Information necessary to prepare the year end adjusting entries appears below Depreciation on the office equipment for the year is $11,200 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 $1,500 On October 1, 2021, Pastina borrowed $52,400 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 On March 1, 2021, the company lent a supplier $22,400 and a note was signed requiring principal and interest at 8 to be paid on February 28, 2022 On April 1, 2021, the company paid an insurance company $7,200 for a one year fire insurance policy The entire $7,200 was debited to prepaid insurance $800 of supplies remained on hand at December 31, 2021 A customer paid Pastina $1,800 in December for 1,572 pounds of spaghetti to be delivered in January 2022 Pastina credited deferred sales revenue On December 1, 2021, $2,000 rent was paid to the owner of the building The payment represented rent for December 2021 and January 2022, at $1,000 per month The entire amount was debited to prepaid rent

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Pastina Company sells various types of pasta to grocery chains as private label brands. The companys reporting year-end is December 31. The unadjusted trial balance

Pastina Company sells various types of pasta to grocery chains as private label brands. The companys reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.

Account Title	Debits		Credits
Cash		34,800
Accounts receivable		42,400
Supplies		2,700
Inventory		62,400
Notes receivable		22,400
Interest receivable		0
Prepaid rent		2,000
Prepaid insurance		7,200
Office equipment		89,600
Accumulated depreciation				33,600
Accounts payable				33,400
Salaries payable				0
Notes payable				52,400
Interest payable				0
Deferred sales revenue				3,200
Common stock				75,600
Retained earnings				34,500
Dividends		6,400
Sales revenue				158,000
Interest revenue				0
Cost of goods sold		82,000
Salaries expense		20,100
Rent expense		12,200
Depreciation expense		0
Interest expense		0
Supplies expense		2,300
Insurance expense		0
Advertising expense		4,200
Totals		390,700		390,700

Information necessary to prepare the year-end adjusting entries appears below.

Depreciation on the office equipment for the year is $11,200.
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 $1,500.
On October 1, 2021, Pastina borrowed $52,400 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.
On March 1, 2021, the company lent a supplier $22,400 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.
On April 1, 2021, the company paid an insurance company $7,200 for a one-year fire insurance policy. The entire $7,200 was debited to prepaid insurance.
$800 of supplies remained on hand at December 31, 2021.
A customer paid Pastina $1,800 in December for 1,572 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.
On December 1, 2021, $2,000 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022, at $1,000 per month. The entire amount was debited to prepaid rent.