[The following information applies to the questions displayedbelow.] Pastina Company sells various types of pasta to grocerychains as private label brands. The company's fiscal year-end isDecember 31. The unadjusted trial balance as of December 31, 2018,appears below. Account Title Debits Credits Cash 41,750 Accountsreceivable 53,000 Supplies 1,600 Inventory 72,000 Note receivable24,900 Interest receivable 0 Prepaid rent 2,200 Prepaid insurance 0Office equipment 84,000 Accumulated depreciation—office equipment31,500 Accounts payable 32,000 Salaries and wages payable 0 Notepayable 60,900 Interest payable 0 Deferred revenue 0 Common stock60,000 Retained earnings 20,500 Sales revenue 208,000 Interestrevenue 0 Cost of goods sold 93,600 Salaries and wages expense18,300 Rent expense 12,100 Depreciation expense 0 Interest expense0 Supplies expense 1,050 Insurance expense 5,200 Advertisingexpense 3,200 Totals 412,900 412,900 Information necessary toprepare the year-end adjusting entries appears below. Depreciationon the office equipment for the year is $10,500. Employee salariesand wages are paid twice a month, on the 22nd for salaries andwages earned from the 1st through the 15th, and on the 7th of thefollowing month for salaries and wages earned from the 16th throughthe end of the month. Salaries and wages earned from December 16through December 31, 2018, were $1,350. On October 1, 2018, Pastinaborrowed $60,900 from a local bank and signed a note. The noterequires interest to be paid annually on September 30 at 12%. Theprincipal is due in 10 years. On March 1, 2018, the company lent asupplier $24,900 and a note was signed requiring principal andinterest at 8% to be paid on February 28, 2019. On April 1, 2018,the company paid an insurance company $5,200 for a two-year fireinsurance policy. The entire $5,200 was debited to insuranceexpense. $830 of supplies remained on hand at December 31, 2018. Acustomer paid Pastina $1,620 in December for 1,350 pounds ofspaghetti to be delivered in January 2019. Pastina credited salesrevenue. On December 1, 2018, $2,200 rent was paid to the owner ofthe building. The payment represented rent for December 2018 andJanuary 2019, at $1,100 per month. Required: 1. & 2. Post theopening balances and adjusting entires into the appropriatet-accounts. (Enter the number of the adjusting entry in the columnnext to the amount. Do not round intermediate calculations. Roundyour final answers to nearest whole dollar.)