Pastina Company sells various types of pasta to grocery chains as private label brands The company's fiscal year end is December 31 The unadjusted trial balance as of December 31, 2018, appears below Account Title Debits Credits Cash 24,000 Accounts receivable 34,000 Supplies 1,600 Inventory 54,000 Note receivable 14,000 Interest receivable 0 Prepaid rent 2,200 Prepaid insurance 0 Office equipment 88,000 Accumulated depreciationoffice equipment 33,000 Accounts payable 25,000 Salaries and wages payable 0 Note payable 44,000 Interest payable 0 Deferred revenue 0 Common stock 54,000 Retained earnings 23,080 Sales revenue 142,000 Interest revenue 0 Cost of goods sold 64,000 Salaries and wages expense 18,300 Rent expense 12,100 Depreciation expense 0 Interest expense 0 Supplies expense 1,200 Insurance expense 5,280 Advertising expense 2,400 Totals 321,080 321,080 Information necessary to prepare the year end adjusting entries appears below Depreciation on the office equipment for the year is $11,000 Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month Salaries and wages earned from December 16 through December 31, 2018, were $1,600 On October 1, 2018, Pastina borrowed $44,000 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, 2018, the company lent a supplier $14,000 and a note was signed requiring principal and interest at 9 to be paid on February 28, 2019 On April 1, 2018, the company paid an insurance company $5,280 for a two year fire insurance policy The entire $5,280 was debited to insurance expense $700 of supplies remained on hand at December 31, 2018 A customer paid Pastina $1,400 in December for 1,320 pounds of spaghetti to be delivered in January 2019 Pastina credited sales revenue On December 1, 2018, $2,200 rent was paid to the owner of the building The payment represented rent for December 2018 and January 2019, at $1,100 per month Required Prepare the necessary December 31, 2018, adjusting journal entries (If no entry is required for a transaction event, select No journal entry required in the first account field Do not round intermediate calculations )

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

Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below.

Account Title	Debits		Credits
Cash		24,000
Accounts receivable		34,000
Supplies		1,600
Inventory		54,000
Note receivable		14,000
Interest receivable		0
Prepaid rent		2,200
Prepaid insurance		0
Office equipment		88,000
Accumulated depreciationoffice equipment				33,000
Accounts payable				25,000
Salaries and wages payable				0
Note payable				44,000
Interest payable				0
Deferred revenue				0
Common stock				54,000
Retained earnings				23,080
Sales revenue				142,000
Interest revenue				0
Cost of goods sold		64,000
Salaries and wages expense		18,300
Rent expense		12,100
Depreciation expense		0
Interest expense		0
Supplies expense		1,200
Insurance expense		5,280
Advertising expense		2,400
Totals		321,080		321,080

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

Depreciation on the office equipment for the year is $11,000.
Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $1,600.
On October 1, 2018, Pastina borrowed $44,000 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, 2018, the company lent a supplier $14,000 and a note was signed requiring principal and interest at 9% to be paid on February 28, 2019.
On April 1, 2018, the company paid an insurance company $5,280 for a two-year fire insurance policy. The entire $5,280 was debited to insurance expense.
$700 of supplies remained on hand at December 31, 2018.
A customer paid Pastina $1,400 in December for 1,320 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.
On December 1, 2018, $2,200 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $1,100 per month.

Required: Prepare the necessary December 31, 2018, adjusting journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)