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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 39,900 46,000 1,250 66,000 19,500 1,500 70,000 26,250 25,000 49,500 60,000 17,500 178,000 80,100 16,500 8,250 750 4,000 2,500 356,250 356,250
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