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( a ) From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 3 1 .
a From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 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 decimal places, eg The accounts listed below appeared in the December trial balance of the Blossom Theater. tableDebit,CreditEquipmentAccumulated DepreciationEquipment,,Notes Payable,,Admissions Revenue,Advertising Expense,Salaries and Wages Expense,Interest Expense,, The equipment has an estimated life of years and a residual value of at the end of that time. Use straightline method. The note payable is a day note given to the bank on October and bearing interest at Use days for denominator. In December, coupon admission books were sold at each. They could be used for admission any time after January The proceeds were recorded as Admissions Revenue. Advertising expense paid in advance and included in'Advertising Expense Salaries and wages accrued but unpaid No Account Titles and Explanation Debit Credit
a
From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 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 decimal places, eg
The accounts listed below appeared in the December trial balance of the Blossom Theater.
tableDebit,CreditEquipmentAccumulated DepreciationEquipment,,Notes Payable,,Admissions Revenue,Advertising Expense,Salaries and Wages Expense,Interest Expense,,
The equipment has an estimated life of years and a residual value of at the end of that time. Use straightline method.
The note payable is a day note given to the bank on October and bearing interest at Use days for denominator.
In December, coupon admission books were sold at each. They could be used for admission any time after January The proceeds were recorded as Admissions Revenue.
Advertising expense paid in advance and included in'Advertising Expense
Salaries and wages accrued but unpaid
No Account Titles and Explanation
Debit
Credit
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