Question #2 (10 Points): 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 Cash Accounts receivable Supplies Inventory Note receivable Debits Credits $30,000 40,000 1,500 60,000 20,000 Prepaid rent 2,000 Office equipment 80,000 Accumulated depreciation office equipment $30,000 - Accounts payable 31,000 Note payable 50,000 Common stock 60,000 Retained earnings 24,500 Sales revenue 148,000 Cost of goods sold 70,000 Salaries and wages expense 18,900 Rent expense 11,000 Supplies expense 1,100 Insurance expense 6,000 Advertising expense 3,000 Totals 343,500 343,500 Information necessary to prepare the year-end adjusting entries appears below. Required: Prepare the necessary December 31, 2018, adjusting journal entries. 1. Depreciation on the office equipment for the year is $10,000. Answer: