Current Attempt in Progress The accounts listed below appeared in the December 31 trial balance of the Metlock Theater. Credit Debit $202,416 Equipment Accumulated Depreciation-Equipment Notes Payable Admissions Revenue Advertising Expense Salaries and Wages Expense Interest Expense $63,040 162,000 385,000 15,470 57,820 2,520 (a) From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 5,250.) The equipment has an estimated life of 16 years and a salvage value of $24.928 at the end of that time. (Use straight-line method.) (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%. (Use 360 days for denominator) In December, 1860 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1. (4) Advertising expense paid in advance and included in Advertising Expense $1,167. (5) Salaries and wages accrued but unpaid $5,030. (a) From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, c.8. 5,250.) (1) (2) The equipment has an estimated life of 16 years and a salvage value of $24,928 at the end of that time. (Use straight-line method.) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%. (Use 360 days for denominator) In December 1,860 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1. Advertising expense paid in advance and included in Advertising Expense $1,167. Salaries and wages accrued but unpaid $5,030, (3) (4) (5) No. Account Titles and Explanation Debit Credit (2) (3) (9 (5) eTextbook and Media