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The accounts listed below appeared in the December 31 trial balance of the Sheridan Theater Debit Credit Equipment $196,832 Accumulated Depreciation Equipment $60,560 Notes Payable 108,000 Admissions Revenue 389,800 Advertising Expense 14,390 Salaries and Wages Expense 57,870 Interest Expense 1,680 From the account balances listed above and the information given below, prepare the annual adjusting entries nec not indent manually. If no entry is required, select "No entry for the account titles and enter o for the (1) The equipment has an estimated life of 16 years and a salvage value of $24,992 at the end of that time. (Use (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%. (Use 360 days (3) In December, 2,190 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They (4) Advertising expense paid in advance and included in Advertising Expense $997. (5) Salaries and wages accrued but unpaid $4,529. No. Account Titles and Explanation (1) Debit Credit (2) (3) Tic. I 2000-202 John Wileys Inc. All Rights Reserved. A Division of Jawsonne Search or type URL A 7 # 3 2 4 % 5 6 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 not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to decimal places, e.g. 5,250.) (1) The equipment has an estimated life of 16 years and a salvage value of $24,992 at the end of that time (Use straight-line method.) (3) In December, 2,190 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 $997. (5) Salaries and wages accrued but unpaid $4,529. No. Account Titles and Explanation Debit Credit (1) (2) (3) 445 (5) acy Polic 2000:292 Wiley Sons Inc. All Rights Reserved. A Division of John Wiley Sonne

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