Required Information Problem 2-4 (Algo) Accounting cycle; adjusting entries through post-closing trial balance [LO2-4, 2-6, 2-7, 2-8] The following information applies to the questions displayed below] Pastine 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 Account Title 36,100 Cash 43,480 3,200 63,400 Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipeent Accumulated depreciation 23,400 2,7ee 9,40e 93,6ee 35,1ee 34,48e Accounts payable Salaries payable 53,400 Notes payable Interest payable Deferred sales revenue 3,7ee 83,8ee 37,eee Common stock Retained earnings 7,480 Dividends 263,eee Sales revenue Interest revenue 87,000 Cost of goods sold Salaries expense 20,600 12,7ee Rent expense Depreciation expense Interest expense e Supplies expense Insurance expense 2,800 Advertising expense 4,70e 410,400 Totals 41e,48e Information necessary to prepare the year-end adjusting entriles appears below 1. Depreciation on the office equipment for the year is $11,700. 2. Employee salartes are paid twice a month, on the 22nd for salaries eamed 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 eamed from December 16 through December 31, 2021, were $1,650. 3. On October 1, 2021, Pastina borrowed $53.400 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12 % The principal is due In 10 years 4. On March 1, 2021, the company lent a supplier $23,400 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 $9,400 for a two-year fire insurance pollcy. The entire $9.400 was debited to prepald insurance. 6. $980 of supplles remained on hand at December 31, 2021 7. A customer paid Pastina $3,700 in December for 1,600 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021, $2,700 rent was pald to the owner of the bulding The payment represented rent for December 2021 and January 2022 at $1,350 per month. The entire amount was debited to prepald rent Problem 2-4 (Algo) Part 6 6. Prepare a post-closing trial balance. (Do not round Intermedlate calculations. Round PASTINA COMPANY Post-Closing Trial Balance December 31, 2021 Account Title Debits Credits Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable INotes payable Interest payable Deferred sales revenue Common stock Retained earnings Sales revenue nterest revenue Cost of goods sold Galaries and wages expense ent expense epreciation expense aterest expense upplies expense surance expense dvertising expense Totals 1,602