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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

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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 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. 1. Depreciation on the office equipment for the year is $11.900. 2. Employee salaries are paid twice a month, on the 22 nd for salaries earned from the 1st 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 $1,750. 3. On October 1, 2024, Pastina borrowed $53,800 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, 2024, the company lent a supplier $23,800, and a note was signed requiting principal and interest at 8% to be paid on February 28,2025 5. On April 1. 2024, the company paid an insurance company $9.800 for a one-year fire insurance policy. The entire $9.800 was debited to prepaid insurance at the time of the payment. 6. $1,040 of supplies remained on hand on December 31, 2024 7. The company received $3,900 from a customer in December for 1,700 pounds of spaghetti to be delivered in January 2025. Pastina credited deferred sales revenue at the time cash was received. 8. On December 1, 2024, $2,900 rent was paid to the owner of the building The payment represented rent for December 2024 and January 2025 at $1.450 per month. The entire amount was debited to prepaid rent at the time of the payment. Required: 1 to 3. First, post the unadjusted balances from the unadjusted trial balance that was given and the adjusting entries that were made in Problem 23 into the appropriate T-accounts (on the T-accounts tab). Then prepare an adjusted trial balance 4-a. Prepare an income statement for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $7,800 in cash dividends were paid to shareholders during the year. 4-b. Prepare a statement of shareholders' equity for the year ended December 31, 2024. Assume that no common stock was issued during the year and that $7,800 in cash dividends were paid to shareholders during the year, 4-c. Prepare a classified balance sheet as of December 31, 2024. Assume that no common stock was issued during the year and that $7,800 in cash dividends were paid to shareholders during the year, 5. Prepare closing entries and post to the T-accounts (on the T-accounts tab): 6. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below

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