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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 $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,250.$

The accounts listed below appeared in the December $31$ trial balance of the Blossom Theater.

$\backslash$table$[[,$Debit,Credit$],[$Equipment$,238,080,],[$Accumulated Depreciation$-$Equipment,,$],[$Notes Payable,,$103,500],[$Admissions Revenue,$16,400,],[$Advertising Expense,$71,424,],[$Salaries and Wages Expense,$1,610,],[$Interest Expense,,$]])$

The equipment has an estimated life of $16$ years and a residual value of $29,760$ 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, $1,600$ coupon admission books were sold at $30$ each. They could be used for admission any time after January $1.$ The proceeds were recorded as Admissions Revenue.

Advertising expense paid in advance and included in'Advertising Expense $1,364.$

Salaries and wages accrued but unpaid $5,828.$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

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