Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Pastina company sells various types of pasta to grocery

02/12/2021 Client: muhammad11 Deadline: 2 Day

Pastina Company Manufactures And Sells Various Types Of Pasta To Grocery Chains As Private Label Brands. The

Account Title Debits Credits

Cash 30,000

Accounts receivable 40,000

Supplies 1,500

Inventory 60,000

Note receivable 20,000

Interest receivable 0

Prepaid rent 2,000

Prepaid insurance 0

Equipment 80,000

Accumulated depreciation—equipment 30,000

Accounts payable 31,000

Wages payable 0

Note payable 50,000

Interest payable 0

Unearned revenue 0

Common stock 60,000

Retained earnings 24,500

Sales revenue 148,000

Interest revenue 0

Cost of goods sold 70,000

Wage expense 18,900

Rent expense 11,000

Depreciation expense 0

Interest expense 0

Supplies expense 1,100

Insurance expense 6,000

Advertising expense 3,000

Totals 343,500 343,500

Information necessary to prepare the year-end adjusting entries appears below.

1. Depreciation on the equipment for the year is $10,000.

2. Employee wages are paid twice a month, on the 22nd for wages earned from the 1st through the 15th, and on the 7th of the following month for wages earned from the 16th through the end of the month. Wages earned from

December 16 through December 31, 2013, were $1,500.

3. On October 1, 2013, 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 principal is due in 10 years.

4. On March 1, 2013, the company lent a supplier $20,000 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2014.

5. On April 1, 2013, the company paid an insurance company $6,000 for a two-year fire insurance policy. The entire $6,000 was debited to insurance expense.

6. $800 of supplies remained on hand at December 31, 2013.

7. A customer paid Pastina $2,000 in December for 1,500 pounds of spaghetti to be manufactured and delivered in January 2014. Pastina credited sales revenue.

8. On December 1, 2013, $2,000 rent was paid to the owner of the building. The payment represented rent for December and January 2014, at $1,000 per month.

Required:

1. Prepare adjusting entries (P2-3)

(P2-4)

1. Post the opening balances, transactions and adjusting entries into the appropriate t-accounts.

2. Prepare adjusted trial balance

3. Prepare financial statements (income statement, statement of stockholder's equity, balance sheet)

4. Prepare closing entries

5. Prepare post-closing trial balance

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Finance Master
Best Coursework Help
Math Specialist
Innovative Writer
Assignment Solver
Top Academic Guru
Writer Writer Name Offer Chat
Finance Master

ONLINE

Finance Master

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$43 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$25 Chat With Writer
Math Specialist

ONLINE

Math Specialist

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$35 Chat With Writer
Innovative Writer

ONLINE

Innovative Writer

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$29 Chat With Writer
Assignment Solver

ONLINE

Assignment Solver

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$36 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$17 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

The ethics of dissent managing guerrilla government pdf - Ksf 2015 selected problems ecolier answers - Craven community college calendar - Make your own historical marker online - Quantitative Evaluation 8381 - 4 regions of texas powerpoint - Dkc digi key corp - Vehicle extrication techniques powerpoint - Queensland bdm transcription service - Boiler and pressure vessel act - 3.5mm female to female jaycar - NURS-6050N-66/NURS-6050C-66-Policy & Advocacy - Politics and the Patient Protection and Affordable Care Act - Examples of tragic heroes - Complete and incomplete combustion - Sir joseph hotung net worth - Fair and lovely advertisement in english - Values are important to human service professionals because they - L1 l2 l3 colours - Bus 475 - Religion as a social institution essay - What does i am the mustard seed mean - Shprintze fiddler on the roof - Kinematic equations of motion worksheet - The student fear factor by rebecca cox pdf - How rabbit stole the fire powerpoint - How to improve sentence fluency - The supply curve of a pure monopolist - How are jump rings measured - Danske invest hedge fixed income strategies - Nested for loop flowchart example - Mechanical vibrations tutor - When is elizabethan era - Dr mark colson anaesthetist - Communication differences in the workplace between men and women - Critical thinking and ethics phi 2604 - Ego defensive function of attitude - Little hans case study - How to write a technical description of an object - Research in Nursing - 90 day bank accepted bill rate - Solving statically determinate trusses - Grey wolf life cycle - Superordinate goals conflict resolution technique - Accenture code of conduct - Touching spirit bear pdf - Ethical leadership style questionnaire - Cartwright court hall of residence - War veterans home myrtle bank - Final Exam - Journal 4 - Cause and Effect Essay - Nhtv breda university of applied sciences - FN week 6 - Ethical Scenarios - Where does salaries payable go on a balance sheet - African american literature syllabus - Business intelligence course unisa - Imprecatory psalms pdf - Sumner sold equipment that it uses in its business - Art history research paper outline template - Marina abramovic serpentine gallery - Bill gates as a leader - Our tainted hearts s liscine epub - System Design - A chart of accounts for a merchandising business - What is metadata which component of a dbms maintains metadata - Miercoles - A child called it quotes with page number - English sba reflection 3 sample - 89251 old highway plantation key florida - Quilcene oysteria farms and sells oysters in the pacific - Can technology save sears case study answers - Bonnie and Clyde - Ee kingston park newcastle - Australian taxation office townsville address - Npv case study with solution - Acc 561 managerial analysis green pastures - The butterfly pavel friedmann analysis - The armada brian patten analysis - Mendel paper company - Essendon football theme song - Salary inequities at astrazeneca - Hampden park public school - Gcse art and design themes - Upon successful completion of this subject students should be able to: - Order 2057098: Read Instructions - MHA/516 - The lion king problem and solution - Smart notebook 11.4 product key - Disability parking permit ballarat - Breakfast club bender and principal - Grow management consultants - From the epic of gilgamesh answer key - Political cartoon dred scott decision - IOM reflection - Cv1 coffee machine - Autozone case study - Cost of production report problems and solutions - Food inc lesson plan