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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
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-e December 31. The unadjusted trial balance as of December 31, 2018, appears below. Account Title Debits Credits Cash Accounts receivable 41,650 41,000 Supplies 1,000. Inventory 61,000 Note receivable Interest receivable Prepaid insurance 15,000 0 Prepaid rent Office equipment Accumulated depreciation-office equipment Accounts payable 1,000 0 60,000 22,500 20,000 Salaries and wages payable. Note payable Interest payable 0 45,000 0 Deferred revenue Common stock 0 60,000 Retained earnings 15,000 Sales revenue 153,000 Interest revenue 0 Cost of goods sold 68,850 Salaries and wages expense 15,000 Rent expense 5,500 Depreciation expense 0 Interest expense 0 Supplies expense Insurance expense Advertising expense Totals 500 3,000 2,000 315,500 315,500
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