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Aequired informetion The following information apples to the questions cispiayed below] Pastina Company sels various types of pasta to grocery chains as private lobel brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31. 2024. appears below. Information necessary to prepsre the yearend 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 22 nd for salaries earned from the 1 st through the 15 th, and on the 7 th of the following month for salaries earned from the 16 th through the end of the month. Salaries earned from December 16 through December 31,2024 , were $1,500. 3. On October 1.2024, 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 princlpal is due in 10 years. 4. On March 1, 2024, the company lent s supplier $20,000, and o note was signed requiring principal and interest at 8% to be paid on February 28, 2025 . 5. On April 1, 2024, the company paid an insurance company $6.000 for a one-year fire insurance policy. The entire $6,000 was debised to prepaid insurance at the time of the payment. 6. $800 of supplies remained on hand on December 31,2024. 7. The company recelved $2.000 from a customer in December for 1,500 pounds of spogheut to be dellvered in January 2025 . Pastina credited deferred sales revenue ot the time cash was received. 8 , On December 1,2024,$2,000 rent wos paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $1,000 per month. The entire amount was debited to prepaid rent at the time of the payment. Required: Prepare the necessary December 31,2024 , odjusting journal entries. Aequired informetion The following information apples to the questions cispiayed below] Pastina Company sels various types of pasta to grocery chains as private lobel brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31. 2024. appears below. Information necessary to prepsre the yearend 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 22 nd for salaries earned from the 1 st through the 15 th, and on the 7 th of the following month for salaries earned from the 16 th through the end of the month. Salaries earned from December 16 through December 31,2024 , were $1,500. 3. On October 1.2024, 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 princlpal is due in 10 years. 4. On March 1, 2024, the company lent s supplier $20,000, and o note was signed requiring principal and interest at 8% to be paid on February 28, 2025 . 5. On April 1, 2024, the company paid an insurance company $6.000 for a one-year fire insurance policy. The entire $6,000 was debised to prepaid insurance at the time of the payment. 6. $800 of supplies remained on hand on December 31,2024. 7. The company recelved $2.000 from a customer in December for 1,500 pounds of spogheut to be dellvered in January 2025 . Pastina credited deferred sales revenue ot the time cash was received. 8 , On December 1,2024,$2,000 rent wos paid to the owner of the building. The payment represented rent for December 2024 and January 2025 at $1,000 per month. The entire amount was debited to prepaid rent at the time of the payment. Required: Prepare the necessary December 31,2024 , odjusting journal entries

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