Required Information P2-3 and P2-4 (Static) Adjusting entries, Accounting cycle; adjusting entries through post-closing trial balance [LO24,26,27,28] [The following information applies to the questions displayed below.] Pastina Company sells varlous types of pasta to grocery chalns as prlvate label brands. The company's reporting year-end Is December 31. The unadjusted trlal balance as of December 31, 2024, appears below. Information necessary to prepare the year-end adjusting entrles appears below. 1. Depreclation on the office equipment for the year is $10,000. 2. Employee salarles are pald twice a month, on the 22 nd for salarles earned from the 1 st through the 15 th, and on the 7 th of the following month for salarles earned from the 16 th through the end of the month. Salarles earned from December 16 through December 31, 2024, were $1,500. 3. On October 1, 2024, Pastina borrowed $50,000 from a local bank and signed a note. The note requires Interest to be pald annually on September 30 at 12%. The principal is due in 10 years. 4. On March 1, 2024, the company lent a supplier $20,000, and a note was signed requiring principal and interest at 8% to be pald on February 28, 2025. 5. On Aprll 1, 2024, the company pald an Insurance company $6,000 for a one-year fire Insurance policy. The entire $6,000 was debited to prepald Insurance at the time of the payment. 6. $800 of supplies remalned on hand on December 31,2024 . 7. The company recelved $2,000 from a customer in December for 1,500 pounds of spaghettl to be delivered In January 2025. Pastina credited deferred sales revenue at the tIme cash was recelved. 8. On December 1, 2024, $2,000 rent was pald to the owner of the bullding. The payment represented rent for December 2024 and January 2025 at $1,000 per month. The entire amount was deblted to prepald rent at the time of the payment