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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting ear-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits 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 30,000 40,000 1,500 60,000 20,000 -01 2,000 6,000 80,000 4,000 70,000 18,900 11,000 -0- -0- 1,100 Credits 30,000 31,000 -0- 50,000 -0- 2,000 60,000 28,500 146,000 -0-

Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting ear-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits 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 30,000 40,000 1,500 60,000 20,000 -01 2,000 6,000 80,000 4,000 70,000 18,900 11,000 -0- -0- 1,100 Credits 30,000 31,000 -0- 50,000 -0- 2,000 60,000 28,500 146,000 -0-

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 1PB: The trial balance of Jillson Company as of December 31, the end of its current fiscal year, is as...
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Required:

Prepare the necessary December 31, 2021, adjusting journal entries.

Refer to P2−3and complete the following steps:

Step 1: Enter the unadjusted balances from the trial balance into T-accounts.
Step 2: Post the adjusting entries prepared in P 2-3 to the accounts.
Step 3: Prepare an adjusted trial balance.
Step 4: Prepare an income statement and a statement of shareholders equity for the year ended December 31.2021 . and a classified balance sheet as of December 31, 2021. Assume that no common stock was issued during the year and that$ 4,000 in cash dividends were paid to shareholders during the year. 
Step 5: Prepare closing entries and post to the accounts  
Step 6: Prepare a post-closing trial balance.
 
i need help with all of this
 
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 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 30,000 40,000 1,500 60,000 20,000 -0- 2,000 6,000 80,000 4,000 70,000 18,900 11,000 -0- -0- 1,100 -0- 3,000 347,500 Credits 30,000 31,000 -0- 50,000 -0- 2,000 60,000 28,500 146,000 -0- 347,500
Transcribed Image Text: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 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 30,000 40,000 1,500 60,000 20,000 -0- 2,000 6,000 80,000 4,000 70,000 18,900 11,000 -0- -0- 1,100 -0- 3,000 347,500 Credits 30,000 31,000 -0- 50,000 -0- 2,000 60,000 28,500 146,000 -0- 347,500
Date (1) (2) (3) # (5) (6) (7) (8) Account Depreciation Expense Accumulated Depreciation Salaries expense Salaries payable Interest expense Interest payable Interest receivable Interest revenue Insurance expense Prepaid insurance Supplies expense Supplies Sales revenue Unearned revenue Rent expense Prepaid rent Debit 10,000 1,500 1,500 1,333 3,750 700 1,000 Credit 10,000 1,500 1,500 1,333 3.750 700 - 1,000
Transcribed Image Text:Date (1) (2) (3) # (5) (6) (7) (8) Account Depreciation Expense Accumulated Depreciation Salaries expense Salaries payable Interest expense Interest payable Interest receivable Interest revenue Insurance expense Prepaid insurance Supplies expense Supplies Sales revenue Unearned revenue Rent expense Prepaid rent Debit 10,000 1,500 1,500 1,333 3,750 700 1,000 Credit 10,000 1,500 1,500 1,333 3.750 700 - 1,000
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