(Adjusting Entries) The accounts listed below appeared in the December 31 trial balance of the Savard Theater Debit Credit Equipment 5192,000 Accumulated Depreciation Equipment $ 60,000 Notes l'ayable 90,000 Admissions Revenue 380/100 Advertising Expense 13,660 Salaries and Wages Expense 57,600 Interest Expense 1,400 Instructions (a) From the twount balances listed above and the inlorination given below, prepare the annual adjusting entres neces- sary on December 31. (Omit explanations.) (1) The quipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time (Use straight- line method.) (2) The role payable is a 90 day nole given to the bank Otober 2) and bearing interest at 8" (Use 360 days for denominator) (3) In Desember, 2,000 coupon admission books wer 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 advana and included in Advertising Expense 51,100. 151 Salaries and wages accrued but unpaid $1,704 Your