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 $31,2024,$ appears below.

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

Depreciation on the office equipment for the year is $$11,300.$

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 $$1,400.$

On October $1,2024,$ Pastina borrowed $$52,600$ 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 $$22,600,$ 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 $$8,600$ for a one$-$year fire insurance policy. The entire

$$8,600$ was debited to prepaid insurance at the time of the payment.

$$860$ of supplies remained on hand on December $31,2024.$

The company received $$3,300$ from a customer in December for $1,400$ pounds of spaghetti to be delivered in January

Pastina credited deferred sales revenue at the time cash was received.

On December $1,2024,$$$2,300$ rent was paid to the owner of the building. The payment representer rent

$2024$ and January $2025$ at $$1,150$ per month. The entire amount was debited to prepaid rent at the time of the payment.