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	40,950
Accounts receivable	43,000
Supplies	1,100
Inventory	63,000
Note receivable	16,800
Interest receivable	0
Prepaid rent	1,200
Prepaid insurance	0
Office equipment	64,000
Accumulated depreciationoffice equipment			24,000
Accounts payable			22,000
Salaries and wages payable			0
Note payable			46,800
Interest payable			0
Deferred revenue			0
Common stock			60,000
Retained earnings			16,000
Sales revenue			163,000
Interest revenue			0
Cost of goods sold	73,350
Salaries and wages expense	15,600
Rent expense	6,600
Depreciation expense	0
Interest expense	0
Supplies expense	600
Insurance expense	3,400
Advertising expense	2,200
Totals	331,800		331,800

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

1. Depreciation on the office equipment for the year is $8,000.
2. 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 $900.
3. On October 1, 2018, Pastina borrowed $46,800 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.
4. On March 1, 2018, the company lent a supplier $16,800 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019.
5. On April 1, 2018, the company paid an insurance company $3,400 for a two-year fire insurance policy. The entire $3,400 was debited to insurance expense.
6. $560 of supplies remained on hand at December 31, 2018.
7. A customer paid Pastina $1,080 in December for 900 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.
8. On December 1, 2018, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $600 per month.

6. Prepare a post-closing trial balance.

PASTINA COMPANY
Post-Closing Trial Balance
December 31, 2018
Account Title	Debits	Credits
Cash	$40,950
Accounts receivable	43,000
Supplies	560
Inventory	63,000
Note receivable	16,800
Interest receivable	1,120
Prepaid rent	600
Prepaid insurance	2,125
Office equipment	64,000
Accumulated depreciationoffice equipment		$32,000
Accounts payable		22,000
Salaries and wages payable		900
Note payable		46,800
Interest payable		1,404
Deferred revenue		1,080
Common stock		60,000
Retained earnings		16,000
Sales revenue		161,920
Interest revenue		1,120
Cost of goods sold	73,350
Salaries and wages expense	16,500
Rent expense	7,200
Depreciation expense	8,000
Interest expense	1,404
Supplies expense	1,140
Insurance expense	1,275
Advertising expense	2,200
Totals	$343,224	$343,224