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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 $31,2024,$ appears below.

Account Title Debits Credits

Cash $ $34,300$

Accounts receivable $42,200$

Supplies $2,600$

Inventory $62,200$

Notes receivable $22,200$

Interest receivable $0$

Prepaid rent $2,100$

Prepaid insurance $8,200$

Office equipment $88,800$

Accumulated depreciation $ $33,300$

Accounts payable $33,200$

Salaries payable $0$

Notes payable $52,200$

Interest payable $0$

Deferred sales revenue $3,100$

Common stock $75,400$

Retained earnings $34,000$

Dividends $6,200$

Sales revenue $157,000$

Interest revenue $0$

Cost of goods sold $81,000$

Salaries expense $20,000$

Rent expense $12,100$

Depreciation expense $0$

Interest expense $0$

Supplies expense $2,200$

Insurance expense $0$

Advertising expense $4,100$

Totals $ $388,200$ $ $388,200$

Information necessary to prepare the year$-$end adjusting entries appears below.

Depreciation on the office equipment for the year is $$11,100.$

Employee salaries are paid twice a month, on the $22$nd for salaries earned from the $1$st through the $15$th$,$ and on the $7$th of the following month for salaries earned from the $16$th through the end of the month. Salaries earned from December $16$ through December $31,2024,$ were $$1,300.$

On October $1,2024,$ Pastina borrowed $$52,200$ 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.

On March $1,2024,$ the company lent a supplier $$22,200,$ and a note was signed requiring principal and interest at $8\%$ to be paid on February $28,2025.$

On April $1,2024,$ the company paid an insurance company $$8,200$ for a one$-$year fire insurance policy. The entire $$8,200$ was debited to prepaid insurance at the time of the payment.

$$800$ of supplies remained on hand on December $31,2024.$

The company received $$3,100$ from a customer in December for $1,300$ pounds of spaghetti to be delivered in January $2025.$ Pastina credited deferred sales revenue at the time cash was received.

On December $1,2024,$ $$2,100$ rent was paid to the owner of the building. The payment represented rent for December $2024$ and January $2025$ at $$1,050$ per month. The entire amount was debited to prepaid rent at the time of the payment.