Please show explanations for ones who require equations 
Required information [The following information applies to the questions displayed below.) 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. Credits Debits 34,600 42,400 2,700 62,400 22,400 0 2,200 8,400 89,600 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 33,600 33, 400 0 52,400 0 3,200 76,800 34,500 6,400 158,000 0 82,000 20,100 12,200 0 0 2,300 0 4,200 391,900 391,900 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $11,200. 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 $1,350. 3. On October 1, 2021, Pastina borrowed $52,400 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal due in 10 years. 4. On March 1, 2021, the company lent a supplier $22,400 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 $8,400 for a one-year fire insurance policy. The entire $8,400 was debited to prepaid insurance. 6. $830 of supplies remained on hand at December 31, 2021. 7. A customer paid Pastina $3,200 in December for 1,350 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021, $2,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $1,100 per month. The entire amount was debited to prepaid rent. Cash Accounts Receivable Beg. bal. 0 Beg. bal. 34,600 End. bal. 34,600 End. bal. Prepaid Rent Prepaid Insurance Bog. bal. Beg. bal. End. bal. End. bal. Supplies Inventory Beg. bal. Beg. bal. End. bal. End. bal. Note Receivable Office Equipment Beg. bal. Beg. bal. End. bal. End. bal. Interest Receivable Accumulated Depreciation Beg. bal. Beg. bal. End. bal. End, bal. Accounts Payable Salaries Payable Bog. bal. Beg. bal. End, bal End. bal. Note Payable Interest Payable Beg. bal. Beg. bal. End. bal. End, bal. Deferred Sales Revenue Common Stock Beg. bal. Beg. bal. End. bal. End, bal. Retained Earnings Dividends Bog. bal. Beg. bal. End. bal. End. bal. Sales Revenue Interest Revenue Beg. bal. Beg. bal. End. bal. End, bal. Cost of Goods Sold Salaries Expense Beg. bal. Beg. bal End. bal. End. bal. Rent Expense Depreciation Expense Beg. bal. Beg. bal. 12 End. bal. End. bal. 12 Interest Expense Supplies Expense Beg. bal. Beg. bal. End, bal End. bal Insurance Expense Advertising Expense Beg. bal. Beg. bal End. bal. End. bal
