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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.
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 fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below Debits Credits Account Title Cash Accounts receivable Supplies Inventory Note receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Note payable Interest payable Deferred revenue Common stock Retained earnings Sales revenue Interest revenue Cost of goods sold Salaries and wages expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 38,500 50,000 1,450 70,000 23,100 1,900 78,000 29,250 29,000 53,100 60,000 19,500 198,000 89,100 17,700 10,450 950 4,800 2.,900 388,850 388,850 Information necessary to prepare the year-end adjusting entries appears below
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