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		32,000
Accounts receivable		42,000
Supplies		1,400
Inventory		62,000
Note receivable		22,000
Interest receivable		0
Prepaid rent		2,400
Prepaid insurance		0
Office equipment		96,000
Accumulated depreciationoffice equipment					36,000
Accounts payable					33,000
Salaries and wages payable					0
Note payable					52,000
Interest payable					0
Deferred revenue					0
Common stock					62,000
Retained earnings					39,540
Sales revenue					150,000
Interest revenue					0
Cost of goods sold		72,000
Salaries and wages expense		19,100
Rent expense		13,200
Depreciation expense		0
Interest expense		0
Supplies expense		1,000
Insurance expense		6,240
Advertising expense		3,200
Totals		372,540			372,540

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

Depreciation on the office equipment for the year is $12,000.

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 $1,400.

On October 1, 2018, Pastina borrowed $52,000 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 $22,000 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 $6,240 for a two-year fire insurance policy. The entire $6,240 was debited to insurance expense.

$900 of supplies remained on hand at December 31, 2018.

A customer paid Pastina $2,200 in December for 1,560 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.

On December 1, 2018, $2,400 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $1,200 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.)