No. Account Titles and Explanation 1. Depreciation Expense Accumulated Depreciation - Equipment 2. Interest Expense Interest Payable 3. Sales Unearned Revenue 4. Prepaid Rent Rent Expense 5. Salaries and Wages Expense Salaries and Wages Payable Debit 42550 Credit From the account balances above and the information that follows, prepare the annual adjusting entries necessary on December 31: 1. The equipment has an estimated life of 16 years and a residual value of $29,600. (Use the straight-line method.) 2. The note payable is a 90-day note given to the bank on October 20 and bearing interest at 10%. (Hint: Use number of days in your calculation.) 3. In December, 1,500 coupon admission books were sold at $20 each. They can be used for admission any time after January 1. 4. Of the Rent Expense balance, $800 is paid in advance. 5. Salaries accrued but unpaid are $8,700. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Use 365 days for calculation. Round answers to 0 decimal places, e.g. 5,275.) What amounts should be shown for each of the following on the income statement for the year? (Round answers to 0 decimal places, e.g. 5,275.) 1. Interest expense 2. Sales revenue 3. Rent expense 4. Salaries and wages expense $ $ $ Current Attempt in Progress The following accounts appeared in the December 31 trial balance of the Blossom Theatre