Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 31,700 Accounts receivable 40,400 Supplies 1,700 Inventory 60,400 Notes receivable 20,400 0 Interest receivable Prepaid rent 1,100 Prepaid insurance 6,400 office equipment 81,600 Accumulated depreciation 30,600 Accounts payable 31,400 salaries payable 0 50,400 Notes payable Interest payable 0 Deferred sales revenue 2,200 Common stock 62,800 29,500 Retained earnings Dividends 4,400 sales revenue 148,000 0 Interest revenue 72,000 Cost of goods sold salaries expense Rent expense 19,100 11,200 Depreciation expense 0 Interest expense 0 Supplies expense 1,300 Insurance expense Advertising expense Totals 3,200 354,900 354,900 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,200. 2. 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 $850. 3. On October 1, 2021, Pastina borrowed $50,400 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. 4. On March 1, 2021, the company lent a supplier $20,400 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022. 5. On April 1, 2021, the company paid an Insurance company $6,400 for a one-year fire Insurance policy. The entire $6,400 was debited to prepaid Insurance. 6. $530 of supplies remained on hand at December 31, 2021. 7. A customer paid Pastina $2,200 in December for 850 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021, $1,100 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $550 per month. The entire amount was debited to prepaid rent. 5. Prepare closing entries. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. Date General Journal December 31, 2021 Record entry Clear entry Debit Credit View general journal