Required information
[The following information applies to the questions displayed below.]
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.
Account Title | Debits | Credits | ||
Cash | 34,900 | |||
Accounts receivable | 42,600 | |||
Supplies | 2,800 | |||
Inventory | 62,600 | |||
Notes receivable | 22,600 | |||
Interest receivable | 0 | |||
Prepaid rent | 2,300 | |||
Prepaid insurance | 8,600 | |||
Office equipment | 90,400 | |||
Accumulated depreciation | 33,900 | |||
Accounts payable | 33,600 | |||
Salaries payable | 0 | |||
Notes payable | 52,600 | |||
Interest payable | 0 | |||
Deferred sales revenue | 3,300 | |||
Common stock | 78,200 | |||
Retained earnings | 35,000 | |||
Dividends | 6,600 | |||
Sales revenue | 159,000 | |||
Interest revenue | 0 | |||
Cost of goods sold | 83,000 | |||
Salaries expense | 20,200 | |||
Rent expense | 12,300 | |||
Depreciation expense | 0 | |||
Interest expense | 0 | |||
Supplies expense | 2,400 | |||
Insurance expense | 0 | |||
Advertising expense | 4,300 | |||
Totals | 395,600 | 395,600 | ||
Information necessary to prepare the year-end adjusting entries appears below.
rev: 09_14_2019_QC_CS-180268, 10_11_2019_QC_CS-184133
3. Prepare an adjusted trial balance.
(Do not round intermediate calculations. Round your final
answers to nearest whole dollar.)
Adjusted Trial balance
December 31
Account Title | Debits | Credits | ||
Cash | 34,900 | |||
Accounts receivable | 42,600 | |||
Supplies | 860 | |||
Inventory | 62,600 | |||
Notes receivable | 22,600 | |||
Interest receivable | 1507 | |||
Prepaid rent | 1150 | |||
Prepaid insurance | 2150 | |||
Office equipment | 90,400 | |||
Accumulated depreciation | 45200 | |||
Accounts payable | 33,600 | |||
Salaries payable | 1400 | |||
Notes payable | 52,600 | |||
Interest payable | 1578 | |||
Deferred sales revenue | 3,300 | |||
Common stock | 78,200 | |||
Retained earnings | 35,000 | |||
Dividends | 6,600 | |||
Sales revenue | 159,000 | |||
Interest revenue | 1507 | |||
Cost of goods sold | 83,000 | |||
Salaries expense | 21600 | |||
Rent expense | 13450 | |||
Depreciation expense | 11300 | |||
Interest expense | 1578 | |||
Supplies expense | 4340 | |||
Insurance expense | 6450 | |||
Advertising expense | 4,300 | |||
Totals | 411385 | 411385 |
Required information [The following information applies to the questions displayed below.] Pastina Company sells various types...
Required information [The following information applies to the questions displayed below.] 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 32,000 40,600 1,800 60, 600 20,600 0 1,200 6,600 82,400 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes...
Required information [The following information applies to the questions displayed below.] 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 36,400 43,600 3,300 63,600 23,600 2,800 9,600 94,400 35,400 34,600 53,600 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes...
Required information [The following information applies to the questions displayed below.] 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 36,400 43,600 3,300 63,600 23,600 2,800 9,600 94,400 35,400 34,600 53,600 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes...
Required information [The following information applies to the questions displayed below.] 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 36,400 43,600 3,300 63,600 23,600 2,800 9,600 94,400 35,400 34,600 53,600 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes...
Required Information [The following information applies to the questions displayed below.] 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 35,500 43,90 3.ee 63,000 23.000 2. See 9,690 92,000 34,5ee 34,99 53,690 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable...
Required Information [The following Information applies to the questions displayed below.) 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 35. See 43, eee 3,800 63,000 23,800 2,5ee 9, eee 92,000 34,5ee 34, eee 53,888 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts...
Required information [The following information applies to the questions displayed below.] 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 36,400 43,600 3,300 63,600 23,600 2,800 9,600 94,400 35,400 34,600 53,600 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation Accounts payable Salaries payable Notes...
Required Information [The following information applies to the questions displayed below.] 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 35,500 43,000 3.ee 63,00 23,00 2,500 9,000 92,000 34,500 34,90 53, eee Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable...
The following information applies to the questions displayed below.] Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below. Account Title Debits Credits Cash 44,950 60,000 Accounts receivable Supplies 1,950 Inventory Note receivable 79,000 31,200 0 Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation-office equipment Accounts payable 2,900 0 98,000 36,750 39,000 Salaries and wages payable...
The following information applies to the questions displayed below.] Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below. Account Title Debits Credits Cash 44,950 60,000 Accounts receivable Supplies 1,950 Inventory Note receivable 79,000 31,200 0 Interest receivable Prepaid rent Prepaid insurance office equipment Accumulated depreciation-office equipment Accounts payable 2,900 0 98,000 36,750 39,000 Salaries and wages payable...