**** i only need number 5****

**** i only need number 5****

Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $11,500. 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 earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,500. 3. On October 1, 2021, Pastina borrowed $53,000 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, 2021, the company lent a supplier $23,000 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022. 5. On April 1, 2021, the company paid an insurance company $7,500 for a one-year fire insurance policy. The entire $7,500 was debited to prepaid insurance. 6. $800 of supplies remained on hand at December 31, 2021. 7. A customer paid Pastina $1,500 in December for 1,590 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue. 8. On December 1, 2021, $2,000 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022, at $1,000 per month. The entire amount was debited to prepaid rent. Required: Prepare the necessary December 31, 2021, adjusting journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Answer is not complete. No Debit Credit Transaction 1 Depreciation expense 11,500 Accumulated depreciation 11,500 2 Salaries expense 1,500 1,500 3 1,590 1,590 4 1,533 1,533 1 2 3 4 5 5 Salaries payable Interest expense Interest payable Interest receivable Interest revenue Insurance expense General Journal 30 30 >> >> No 1 2 3 4 5 6 7 8 Transaction. 1 2 3 4 5 6 7 8 Depreciation expense Accumulated depreciation Salaries expense Salaries payable Interest expense Answer is not complete. General Journal Interest payable Interest receivable Interest revenue Insurance expense Prepaid insurance Supplies expense Supplies No journal entry required Rent expense Prepaid rent 3 >> 3 30 Debit 11,500 1,500 1,590 1,533 2,200 1,000 Credit 11,500 1,500 1,590 1,533 2,200 1,000 to be paid antud on September 30 at 12%. The principal is due in 10 years. 4. On March 1, 2021, the company lent a supplier $23,000 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022. 5. On April 1, 2021, the company paid an insurance company $7,500 for a one-year fire insurance policy. The entire $7,500 was debited to prepaid insurance. 6. $800 of supplies remained on hand at December 31, 2021, 5 points Pastina Company sells various types of pasta to grocery chains as private label brands. The company December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 36,000 Accounts receivable 43,000 Supplies 3,000 Inventory 63,000 Notes receivable 23,000 0 Interest receivable. Prepaid rent 2,000 Prepaid insurance 7,500 office equipment 92,000 Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable 34,500 34,000 0 53,000 0 3,500 Deferred sales revenue Common stock 79,500 Retained earnings Dividends 36,000 7,000. Sales revenue 161,000 0 85,000 20,400 Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense 12,500 0 0 2,600 0 Advertising expense 4,500 Totals 401,500 401,500