Pastina Company sells various types of pasta to grocery chains as private label brands. The companys reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.

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 list Journal entry worksheet Salaries earned from December 16 through December 31, 2021 were $1,500 and will be paid on January 7, 2022. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal 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 list Journal entry worksheet On October 1, 2021, Pastina signed a $53,000 note that requires interest to paid annually on September 30 at 12% and will have principal due in 10 years. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal . Required: Prepare the necessary December 31, 2021, adjusting journal entries. (If no entry is required for a transaction/event, select "No nearest journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers whole dollar amount.) View transaction list Journal entry worksheet On March 1, 2021, the company lent $23,000. The note required principal and interest at 8% be paid on February 28, 2022. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal 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 list Journal entry worksheet On April 1, 2021, the company paid $7,500 for a two-year fire insurance policy and debited the entire amount to prepaid insurance. Note: Enter debits before credits. Transaction General Journal Debit Credit 5 Record entry Clear entry View general journal 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 list Journal entry worksheet Supplies on hand at December 31, 2021 were $800. Note: Enter debits before credits. Transaction General Journal Debit Credit 6 Record entry Clear entry View general journal 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 list Journal entry worksheet Pastina credited deferred sales revenue for $1,500 received in December for spaghetti to be delivered in January 2022. Note: Enter debits before credits. General Journal Debit Credit Transaction 7 Record entry Clear entry View general journal 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 list Journal entry worksheet On December 1, 2021, $2,000 rent was paid for December and January 2022, at $1,000 per month. The entire amount was debited to prepaid rent. Note: Enter debits before credits. Transaction General Journal Debit Credit 8 Record entry Clear entry View general journal 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 Debits 36,000 43,000 3,000 63,000 23,000 2,000 7,500 92,000 34,500 34,000 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 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 53,000 0 3,500 79,500 36,000 7,000 161,000 0 85,000 20,400 12,500 0 0 2,600 4,500 401,500 401,500 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 paid on February 28, 2022. 5. On April 1, 2021, the company paid an insurance company $7,500 for a two-year fire insurance policy. The entire $7,500 was debited to prepaid insurance. 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 list Journal entry worksheet Depreciation on the office equipment for the year is $11,500. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal