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, 2021, appears below Credits Account Title Cash Accounts receivable Debits 34,900 42,600 2,800 62,600 Supplies 22,600 2,300 8,600 90,400 33,900 33,600 52,600 @ 3,300 Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 78,200 35,000 6,600 159,000 83,000 20, 200 12,300 0 0 2,400 0 4,300 395,600 395,600 Suaplies expense Insurance expense Advertising expense Totals 2 # 30 195,6 295,600 Information necessary to prepare the year-end adjusting entries appears below 1 Depreciation on the office equipment for the year is $11.300 2 Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th and on the 7th of the following month for salaries eamed from the 16th through the end of the month, Salaries earned from December 16 through Detember 31, 2021, were $1,400 3.On October 1, 2021 Pastina borrowed $52,600 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 12021, the company lent a supplier $22 600 and a note was signed tequiring principal and interest at a 10 be paid on February 28, 2022 5. On April 1, 2021 the company paid an insurance company $8,600 for a one-year hire insurance policy The entire $8 600 was debited to prepaid insurance 6. 5860 of supplies remained on hand at December 31, 2021. 7 A customer paid Pastina $3,300 in December for 1.400 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021. $2.300 rent was paid to the owner of the busding. The payment represented rent for December 2021 and January 2022 at S1150 per month The entire amount was debited to prepaid rent Prepare an adjusted trial balance (Do not round Intermediate calculations. Round your final answers to nearest whole doller) PASTINA COMPANY Adjusted trial Balance DE 7 Next > Delts Credits AdjusTrtal December 2121 Account the Cash Accounts receivable Supplies Inventory Notes receivable Interest receive Prepaid rent Prepaid insurance Office equipment Accurated depreciation Accounts payable Salatles payable Notes payable Interest pas Deferred sales toros Common stock Retinadamlings Prey 4 5 6 7 Notes payable Interest payablu Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies espanse insurance expense Advertising expense Totals $ 05 Complete this question by entering your answers in the tabs below. Income Statement Statement of SE Balance Sheet Prepare the statement of shareholders' equity for the year ended December 31, 2021. PASTINA COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Total Shareholders' Equity Balance at January 1, 2021 Balance at December 31, 2021 Homework (due day 7] Saved Required information Complete this question by entering your answers in the tabs below. Income Statement Statement of Balance Sheet SE Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) PASTINA COMPANY Balance Sheet At December 31, 2021 Assets 1 2 3 Record the entry to close the revenue accounts. ES Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 S Required information Prepang Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Sales revenue Interesten Cost of goods sold Salaries and waged expens Rent expense Depreciation expense interest expense Supplies expense instance expon Advertising expen Totals Us 0 2