E.T. Movie Company closes its accounts at the end of each month. Its trial balance as of November 30, 2022 and other information for adjusting and closing the accounts are given below:

E.T Company
Trial Balance - November 30, 2022 - U.S. Dollar
Cash	20.000
Prepaid Film Rental	31.200
Land	80.000
Building	168.000
Accum. Depreciation- Building		10.500
Projection Equipment	36.000
Accum. Depreciation- P.Equip.		3.000
Notes Payable		190.000
Accounts Payable		4.400
Unearned Admissions Revenue		1.000
Capital		103.400
Owners Drawings	3.500
Admissions Revenue		36.900
Salaries Expense	8.700
Utilities Expense	1.800
	349.200	349.200

Other Data:

1. Film rental expense for the month of November amounts to $21,050. However, the film rental expense for several months had been paid in advance.

2. The building is being depreciated over 20 years.

3. The projection equipment is being depreciated over 5 years.

4. As of Nov.30, accrued interest on note payable amounts to $1,650. No entry has been made to record this during the period.

5. The Company allows local students to the movies on any weekday afternoon at a fixed fee of $500. They made a $1,500 advance payment on September 29, covering the months of October, November, and December.

6. The Company receives a percentage of revenue earned by Moa Co, the concessionaire operating the snack bar. For snack bar sales in November, Moa Co. owes the company $2,250, payable in December 10. No entry has been made to record this (use concessions revenue).

7. Salaries earned by employees but not recorded or paid as of November 30 amount to $1,500. No entry has been made to record this.

Journalize the adjustments. Prepare a ten-column worksheet and the financial statements. Journalize the closing transactions.