Pastina Company sells various types of pasta to grocery chains as private label brands. The companys reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.

Account Title	Debits			Credits
Cash		35,200
Accounts receivable		42,800
Supplies		2,900
Inventory		62,800
Notes receivable		22,800
Interest receivable		0
Prepaid rent		2,400
Prepaid insurance		7,400
Office equipment		91,200
Accumulated depreciation					34,200
Accounts payable					33,800
Salaries payable					0
Notes payable					52,800
Interest payable					0
Deferred sales revenue					3,400
Common stock					78,200
Retained earnings					35,500
Dividends		6,800
Sales revenue					160,000
Interest revenue					0
Cost of goods sold		84,000
Salaries expense		20,300
Rent expense		12,400
Depreciation expense		0
Interest expense		0
Supplies expense		2,500
Insurance expense		0
Advertising expense		4,400
Totals		397,900			397,900

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

1. On April 1, 2021, the company paid an insurance company $7,400 for a two-year fire insurance policy. The entire $7,400 was debited to prepaid insurance.

2. A customer paid Pastina $1,600 in December for 1,584 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.