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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
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 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 Debits Credits 44,950 60,000 1,950 79,000 31,200 2,900 98,000 36,750 39,000 73,200 60,000 24,000 243,000 109,350 20,700 15,950 1,450 6,600 3,900 _ 475,950 475,950
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