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 chains

01/12/2021 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:

Solutions Store
Ideas & Innovations
Instant Assignment Writer
Calculation Guru
Assignment Guru
Professional Coursework Help
Writer Writer Name Offer Chat
Solutions Store

ONLINE

Solutions Store

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$46 Chat With Writer
Ideas & Innovations

ONLINE

Ideas & Innovations

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$50 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$36 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$25 Chat With Writer
Assignment Guru

ONLINE

Assignment Guru

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$46 Chat With Writer
Professional Coursework Help

ONLINE

Professional Coursework Help

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$19 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

CASE STUDY 3 - Ross london telescope serial numbers - Computer forensics multiple choice questions - River north wine fest groupon - Sas workspace server for local access - Bill inmon vs ralph kimball - Venture budgeting and forecasting paper - Disadvantages of enterprise application integration - For all work solver - How do nurses cope when values and practice conflict - The emancipation proclamation a brief history with documents pdf - Week 3 Discussion - How long is a microcentury in minutes - The weight of glory summary - Circuit diagram variable resistor - Sps pv design and install - Fe2o3 systematic name - What channel is e on verizon - Help capsim comp xm - What fractions are equal to 3 6 - The not so wonderful world of eurodisney summary - Discussion5 - Acsm guidelines 9th edition - Theory based on human properties - Assume that the real risk free rate is 2 - What should you do about an insubordinate employee - Multi paragraph response - Xbrl format of balance sheet download - Analyze and contrast - Long term care week 5 - Lacks furniture showcase alice tx - Www us cert gov cas tips - Assignment Due tomorrow #1 - High speed rail paris to milan - Biology final exam 2018 - Freezing point depression theory - Research Paper - How is trigonometry used in sports - Building your company's capabilities through global expansion - Types of feature articles journalism - Iv characteristics of zener diode experiment - How to find ksp from absorbance - A coil consists of 200 turns of wire - Cisco borderless network architecture - Security assessment report sar template - Business plan template word doc - Melissa theuriau miss france 2000 - What is the fraction of 3.5 - The boy without a flag summary - Why is friar laurence plan dangerous - Application Security - Commonwealth bank garden city booragoon - PSYC Life Span Development Psychology - My plate 1800 calorie meal plan - COM303 Week 4 Discussion 11 - Case - Science fair abstract sample - August 10 Week 2 Discussion - Why should we study film hum 150 - Spiral model risk management - Ted talk ethos pathos logos - Which professions can certify documents - OE-16 - Gravimetric determination of chloride in a soluble sample lab report - Honeypot medical centre reviews - When given a list of items to remember - Persuasive techniques in advertising worksheet - Short paper due in 12 hours - USA Elections - Hotel staff training presentation - 5 principles of cultural safety - Balby carr community academy - Leddy and pepper's professional nursing pdf - Snider industries - Titration of oxalic acid with naoh calculations - Human population ecology cemetery lab answers - Cells alive how big - Direct object and object complement - Qué productos envía iquitos a otros lugares - Strategic controls and financial controls - Camera techniques in film - Cu hcl net ionic equation - Before the flood movie worksheet answer key - The power of chunking - Problem 6 5a accounting - PSycho - Need two discussion questions 150 word max each w/reference - Yamaha v star 1100 stator - Anti sex league 1984 quotes - Socrates was concerned with - Daily mining gazette snow totals - Quality Management Plan Course Project Task 1/ WEEK 3 PROJECT - Iowa methodist transplant center - Starbucks case analysis strategy - Research Paper - Inventory Management - Historical lenses - In an oscillating lc circuit the maximum charge - Costco business model analysis - Hp scanjet pro 4500 fn1 troubleshooting