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

Risk and issue management process - Walt disney company goals and objectives - Homegoing litcharts - Discussion Topic - Mamma mia scene script - Dr axe cottage cheese - Is value chain analysis internal or external - What is balanced and unbalanced force - Tim curry married susan sarandon - Cloud Computing - KPI Paper - A silver wire 2.6 mm in diameter - Australian government protective security manual - +91-8306951337 get your love back by vashikaran IN Tirunelveli - Introduction to political science Assignment - A ucla researcher claims that the life span - Chapter 11: Discussion DSC - Bank account program in java using constructors - Electrical construction work breakdown structure - Command to save configuration on packet tracer - Determination of a rate law lab report - Video of johnny cash proposing to june carter on stage - Water potential of potato - Unit V Discussion Board - Math 140 final exam - Temcotowere - An economist's guide to visualizing data - DV Wheels - A Crosscutting issue for Social Workers Discussion Board Question - Ladybug killer the shack - Through fruit fly studies geneticists have discovered a segment - Centripetal force and uniform circular motion lab report - Thai tea mix target - Air force dress manual - Creativity in entrepreneurship ppt - Global strategic management philippe lasserre 4th edition pdf - Epidemiology - Case Study - Figurative language in the new colossus - Dynamo pool table key - Policemen of the world thesis and outline - Steve biko academic hospital occupational therapy pretoria - The big 6 literacy model - Boehm incorporated is expected to pay - Dissertation Research Topic - Mensa luxembourg test score chart - Need help with discussion question - Blobfish what do they eat - Ring out wild bells summary - Introduction to Basic Statistics - Contract variation letter template - Dir sir madam cover letter - 300 words - We cool gwendolyn brooks - Supply and demand of nike shoes - Question - 1/96 the esplanade paradise point - Concert press release example - Chapter 5: Ineffective Listening Forum - Pre u business management - Earthworm nervous system dissection - BUS 310 Week 5 Quiz - Microsoft wireless optical desktop 1000 - 263 blackpepper loop little river sc - Six emotional leadership styles daniel goleman - Field technician duties and responsibilities - What substance does yeast use in respiration - Network Security - Claudette nevins cause of death - Bus 100 assignment 3 step 4 - 175 bus route brisbane - 5 day powerlifting split - Common mode signal in op amp - Economics - How to draw a resistor - Virgin mobile canada voicemail - Organizational structure of fda - Blink login bethel university - Gcu effective communication - HW 1 - What is the difference between servant leadership and followership - Module 5 Homework - Research paper - A ship is sailing due north - Beam engine crank and lever mechanism - The eagle of zeus - American dream in who's afraid of virginia woolf - Canning bridge early learning centre - Kim's beauty supply antioch tn - Discuss scenarios for reaching group decisions and discuss one or two cultural identifiers? - Leadership Theory and Process - HA570 Unit 9 Assignment - Do not uniquely identify observations in the master data - It workshop lab manual - Attachment theory and social work values - Red red red gold resistor value - Who can write me 3-5 sentences - The six dimensions of health - Research Paper - Operations and supply chain management the core 4th edition ebook - LDR531 Week 6 Leading Organizational Change