Assignmen on WileyPLUS p.m. On nursday, Septem Question 4 of 4 1/2 View Policies Show Attempt History Current Attempt in Progress The accounts listed below appeared in the December 31 trial balance of the Waterway Theater Credit Debit $ 202,032 Equipment $ 63,420 144,000 388,400 Accumulated Depreciation-Equipment Notes Payable Admissions Revenue Advertising Expense Salaries and Wages Expense Interest Expense 13,820 57,540 2.240 (a) Assignment - Due on WileyPLUS at 11:59 p.m. on Thursday, September 16, 2021 Question 4 of 4 1/2 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 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. 5,250.) (1) The equipment has an estimated life of 16 years and a salvage value of $ 23,280 at the end of that time. (Use straight- line method.) (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%. (Use 360 days for denominator.) (3) In December, 2,160 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 $ 1,004 (5) Salaries and wages accrued but unpaid $ 4,721 No. Account Titles and Explanation Debit Credit (1) Depreciation Expense 11172 Accumulated Depreciation Equipment 11172 (2) Interest Expense 2304 signment - Due on WileyPLUS at 11:59 p.m. on Thursday, September 16, 2021 uestion 4 of 4 1/ (2) Interest Expense 2304 Interest Payable 2304 (3) Admissions Revenue 64800 Unearned Admissions Revenue 64800 (4) Prepaid Advertising 1004 Advertising Expense 1004 (5) Salaries and Wages Expense 4721 Salaries and Wages Payable 4721 e Textbook and Media List of Accounts uestion 4 of 4 1/2 (b) Your answer is incorrect What amounts should be shown for each of the following on the income statement for the year? (1) Interest Expense (2) Admissions Revenue $ (3) Advertising Expense $ (4) Salaries and Wages Expense $ eTextbook and Media List of Accounts Save for Later Last saved 7 hours ago Attempts: 1 of 12 used Submit