| Pastina Company | Pastina Company | Pastina Company | |||||||
| 3. Unadjusted Trial Balance | 4. Adjusted Journal Entry | 6. Adjusted Trial Balance | |||||||
| Year- 2021 | December 31 2021 | December 31 2021 | |||||||
| Account Title | Debit | Credit | Date | Account Title | Debit | Credit | Account Title | Debit | Credit |
| Cash | $93,950 | 2021-12-01 | Advance rent | $1,250.00 | Cash | $92,450 | |||
| common stock | $20,000 | Rent Expense | $1,250.00 | common stock | $20,000 | ||||
| Purchase | $80,000 | Jan 7-Dec 22 | Salary payables | $1,500.00 | Purchase | $80,000 | |||
| Advertisement Expense | $4,500 | Cash | $1,500.00 | Advertisement Expense | $4,500 | ||||
| Prepaid Rent | $1,250 | Jan 7-Dec 22 | Salaries Expense | $1,550.00 | Prepaid Rent | $2,500 | |||
| Inventory | $80,000 | Salaries Payables | $1,550.00 | Inventory | $80,000 | ||||
| Account Receivable | $37,000 | Account Receivable | $37,000 | ||||||
| Interest Payables | $1,800 | Pastina Company | Interest Payables | $1,800 | |||||
| Interest Revenue | $16,000 | 5. Adjusted T-accounts | Interest Revenue | $16,000 | |||||
| Prepaid Insurance | $9,000 | December 31 2021 | Prepaid Insurance | $9,000 | |||||
| Accounts Payables | $60,000 | Accounts Payables | $60,000 | ||||||
| Rent Expense | $15,000 | Prepaid Rent | Rent Expense | $13,750 | |||||
| Supplies | $3,480 | Debit | Credit | Supplies | $3,480 | ||||
| Loan | $60,000 | Date | Amount | Date | Amount | Loan | $60,000 | ||
| Interest Expense | $1,800 | 2021-12-01 | $1,250.00 | Interest Expense | $1,800 | ||||
| Amount Received | $3,500 | 2021-01-31 | $1,250.00 | Unearned Income | $3,500 | ||||
| Retained Earnings | $7,000 | Total | $2,500.00 | Retained Earnings | $7,000 | ||||
| Sales | $161,000 | Sales | $161,000 | ||||||
| Local Utility Company | $8,000 | Gas & Electricity Expenses | $8,000 | ||||||
| Depreciation Expense | $11,500 | Depreciation Expense | $11,500 | ||||||
| Office Equipment | $11,500 | Rent Expense | Office Equipment | $11,500 | |||||
| Supplies Expense | $920 | Debit | Credit | Supplies Expense | $920 | ||||
| Salaries Expense | $1,550 | Date | Amount | Date | Amount | Salaries Expense | $3,100 | ||
| Salaries Payables | $18,850 | Feb-Nov | $12,500.00 | 2021-12-01 | $1,250.00 | Salaries Payables | $18,800 | ||
| Total | $353,800 | $353,800 | Total | $11,250.00 | Total | $353,800 | $353,800 | ||
| Salary Payables | |||||||||
| Debit | Credit | ||||||||
| Date | Amount | Date | Amount | ||||||
| Jan 7-Dec 22 | $1,500 | ||||||||
| Total | $1,500 | ||||||||
| cash | |||||||||
| Debit | Credit | ||||||||
| Date | Amount | Date | Amount | ||||||
| Jan 7-Dec 22 | $1,500.00 | ||||||||
| Balance | $223,500 | Balance | $110,650.00 | ||||||
| Total | $112,850 |
