Pastina Company sels various types of panta to grocery chains as private label brands. The company's reporting year-end is December 31. The unodusted trial balance at of December 31, 2024, appears below. Information necessary to prepare the year-end odjusting entries appeors below 1. Deprecietion on the office equipment for the year is $10,000 2. Employee salories are pald twice a month, on the 22 nd for salaries earned from the fst through the 15 th, and on the 7 th of the following month for solories earned from the 16 th virough the end of the month. Salaries earned from December 16 through December 31,2024 , were $1,500. 3. On October 1, 2024, Pastina borrowed $50,000 from a locol bonk and signed a note. The note requires interest to be poid annuelly on September 30 at 12%. The princpal is due in 10 years. 4. On March 1, 2024, the company lent a suppller $20,000, and a note was signed requiring principal and interest at 8% to be paid on February 28, 2025. 5. On April 1, 2024, the company paid an insurance company $6,000 for a one-year fire insurance policy. The entire $6,000 was debited to prepaid insurance at the time of the payment. 6. $800 of supplies remained on hand on December 31,2024 7. The company received $2,000 from a customer in December for 1,500 pounds of spaghetil to be delivered in January 2025. Pastina credited deferred sales revenue at the time cash was received. 8 On December 1, 2024,\$2,000 rent was paid to the owner of the building. The payment represented rent for December 2024 and Jonvary 2025 or 51,000 per month. The entire amount was debited to prepald rent at the time of the Pastina Company sels various types of panta to grocery chains as private label brands. The company's reporting year-end is December 31. The unodusted trial balance at of December 31, 2024, appears below. Information necessary to prepare the year-end odjusting entries appeors below 1. Deprecietion on the office equipment for the year is $10,000 2. Employee salories are pald twice a month, on the 22 nd for salaries earned from the fst through the 15 th, and on the 7 th of the following month for solories earned from the 16 th virough the end of the month. Salaries earned from December 16 through December 31,2024 , were $1,500. 3. On October 1, 2024, Pastina borrowed $50,000 from a locol bonk and signed a note. The note requires interest to be poid annuelly on September 30 at 12%. The princpal is due in 10 years. 4. On March 1, 2024, the company lent a suppller $20,000, and a note was signed requiring principal and interest at 8% to be paid on February 28, 2025. 5. On April 1, 2024, the company paid an insurance company $6,000 for a one-year fire insurance policy. The entire $6,000 was debited to prepaid insurance at the time of the payment. 6. $800 of supplies remained on hand on December 31,2024 7. The company received $2,000 from a customer in December for 1,500 pounds of spaghetil to be delivered in January 2025. Pastina credited deferred sales revenue at the time cash was received. 8 On December 1, 2024,\$2,000 rent was paid to the owner of the building. The payment represented rent for December 2024 and Jonvary 2025 or 51,000 per month. The entire amount was debited to prepald rent at the time of the
