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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	Debits		Credits
Cash	40,700
Accounts receivable	55,000
Supplies	1,700
Inventory	74,000
Note receivable	26,700
Interest receivable	0
Prepaid rent	2,400
Prepaid insurance	0
Office equipment	88,000
Accumulated depreciationoffice equipment			33,000
Accounts payable			34,000
Salaries and wages payable			0
Note payable			62,700
Interest payable			0
Deferred revenue			0
Common stock			60,000
Retained earnings			21,500
Sales revenue			218,000
Interest revenue			0
Cost of goods sold	98,100
Salaries and wages expense	19,200
Rent expense	13,200
Depreciation expense	0
Interest expense	0
Supplies expense	1,200
Insurance expense	5,600
Advertising expense	3,400
Totals	429,200		429,200

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

1. Depreciation on the office equipment for the year is $11,000.
2. Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $1,450.
3. On October 1, 2018, Pastina borrowed $62,700 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, 2018, the company lent a supplier $26,700 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019.
5. On April 1, 2018, the company paid an insurance company $5,600 for a two-year fire insurance policy. The entire $5,600 was debited to insurance expense.
6. $890 of supplies remained on hand at December 31, 2018.
7. A customer paid Pastina $1,740 in December for 1,450 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.
8. On December 1, 2018, $2,400 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $1,200 per month.

a. Prepare the necessary December 31, 2018, adjusting journal entries.

b. Post the opening balances and adjusting entires into the appropriate t-accounts.

c. Prepare an adjusted trial balance.

d. Prepare the income statement, statement of shareholders' equity and classified balance sheet for the year ended December 31, 2018.

e. Prepare closing entries

f. Prepare a post-closing trial balance.