Accounting, Analysis, and Principles (Part Level Submission) The Flint Theater is nearing the end of the year and is preparing for a meeting with its bankers to discuss the renewal of a loan. The accounts listed below appeared in the December 31, 2017, trial balance Debit $5,570 209,600 Credit Prepaid Advertising Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Service Revenue Ticket Revenue Advertising Expense Salaries and Wages Expense Interest Expense $ 56,600 93,720 15,000 389,500 18,250 73,100 1,450 Ignore income taxes Additional information is available as follows. 1. 2. 3. The equipment has an estimated useful life of 16 years and a salvage value of $48,000 at the end of that time. Flint uses the straight-line method for depreciation. The note payable is a one-year note given to the bank January 31 and bearing interest at 10%. Interest is calculated on a monthly basis. Late in December 2017, the theater sold 300 coupon ticket books at $50 each, 140 of these ticket books can be used only for admission any time after January 1, 2018. The cash received was recorded as Unearned Service Revenue. Advertising paid in advance was $5,570 and was debited to Prepaid Advertising. The company has used $2,800 of the advertising as of December 31, 2017 Salaries and wages accrued but unpaid at December 31, 2017, were $3,420 4. 5. Prepare any adjusting journal entries necessary for the year ended December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)