Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is Decembe 31. The unadjusted trial balance as of December 31, 2018, appears below. Account Title Cash Debits Credits Accounts receivable 26,00 36,000 Supplies Inventory 1,400 56,000 Note receivable 16,000 Interest receivable Prepaid rent 2,400 Prepaid insurance office equipment 96,eee Accumulated depreciation-office equipment 36,000 Accounts payable 27,000 Salaries and wages payable 0 Note payable 46,000 Interest payable Deferred revenue Common stock 56,000 Retained earnings 31,620 Sales revenue 144.000 Interest revenue Cost of goods sold 66,00 Salaries and wages expense 18,500 13,200 Rent expense Depreciation expense Interest expense 1,000 Supplies expense Insurance expense 5,520 2,600 Advertising expense 340,620 340,620 Totals Information necessary to prepare the vear-end adiustina entries appears below. requireu: : Prepare the necessary December 31, 2018, adjusting journal entries. (If no entry is required for a tri Journal entry required" in the first account fleld. Do not round Intermediate calculations.) View transaction list EX 1 Depreciation on the office equipment for the year is $12,000. 2 Salaries and wages earned from December 16 through December 31, 2018 were $1,400 and will be paid for January 7, 2019. 3 On October 1, 2018, Pastina signed a $46,000 note that requires interest to paid annually on September 30 at 12% and will have principal due in 10 years. Credit 4 On March 1, 2018, the company lent $16,000. The note required principal and interest at 9% be paid on February 28, 2019 Note : journal entry has been entered Record entry Clear entry View general journal Requireu: Prepare the necessary December 31, 2018, adjusting journal entries. (If no entry is required for a transact Journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list x 4 > On March 1, 2018, the company lent $16,000. The note required principal and interest at 9% be paid on February 28, 2019 5. On April 1, 2018, the company paid $5,520 for a two- Year fire Insurance policy and debited the entire amount to insurance expense. 6 Supplies on hand at December 31, 2018 were $900. Credit 7 Pastina credited sales revenue for $1,600 received in December for spaghetti to be delivered in January 2019. B On December 1, 2018, $2,400 rent was paid for December and January 2019, at $1,200 per month Note : Journal entry has been entered Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 4 5 6 7 8 > Depreciation on the office equipment for the year is $12,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet 3 4 5 6 8 Salaries and wages earned from December 16 through December 31, 2018 were $1,400 and will be paid on January 7, 2019. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal View transaction list Journal entry worksheet On March 1, 2018, the company lent $16,000. The note required principal and interest at 9% be paid on February 28, 2019. Note: Enter debits before credits. Transaction General Journal Dobit Credit 4 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 4 on 7 8 > Supplies on hand at December 31, 2018 were $900. Note: Enter debits before credits Transaction General Journal Debit Credit 6 Record entry Clear entry View general journal View transaction list Journal entry worksheet Pastina credited sales revenue for $1,600 received in December for spaghetti to be delivered in January 2019. Note: Enter debits before credits General Journal Dabit Credit Transaction 7 Record entry Clear entry View general journal View transaction list Journal entry worksheet On December 1, 2018, $2,400 rent was paid for December and January 2019, at $1,200 per month. Note: Enter debits before credits Transaction General Journal Debit Credit 8 Record entry Clear entry View general journal