Saved Chapter 2 Homework - Problems Help Save & Ch 2 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 5 points Debits 30,000 40,000 1,500 60,000 20,000 clock 2.000 6.000 80,000 Print Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deterred sales revenue Common stock Retained earning Dividende Sales revenge Interest revenue Coat of goods sold salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totala 30,000 31,000 0 50,000 0 2.000 60,000 28,500 References 4.000 146,000 0 70,000 18.900 11,000 1,100 o 3,000 347.500 347,500 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10.000 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 Enllan month inr calarise amor from the 16th thin the end of the month Salarie arar fram haramhar 16 throun Help Save & Ex Check 2 Interest expense Supplies expense Insurance expense Advertising expense Totals 0 1,100 0 3,000 347,500 347,500 5 points eBook Print Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $10,000 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 $50,000 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 $20.000, 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 $6,000 for a two-year fire Insurance policy. The entire $6,000 was debited to prepaid insurance 6. $800 of supplies remained on hand at December 31, 2021 7. A customer paid Pastina $2,000 in December for 1,500 pounds of spaghetti to be delivered in January 2022. Pastino credited 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 References 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.) View transaction lit Journal entry worksheet ME Graw