Other Data Campus Theater adjusts its accounts every month. The companys unadjusted triaf balance dated August 31, current year, appears as folows Additional information is provided for use in preparing the company's adjusting entries for the month of August. (Bear in mind that adfusting entres have already been made for the first seven monthis of current year, but not for August) Other Doto 1. Firm fentar expense for the month \& $18,240. However, the firm rentalexpense for several months has been paid in advance 2. the buliaing is being depreciated over a period of 20 years (240 months) 3. The fixtures and equipment are being depreciated over a period of tive vears 160 monthst 4. On the first of cach month, the theater pays the interest that accrued in the prior month on its note paryable. At August 34 accrued interest payable on this note amounts to $1,800. lee of $600 per mentri On June 28 , the YMCA made a S1,800 odvance payment covering the montrs of July, August, and September 6. The theater receives a percenfage of the revenue esined by Tatie Corporation, the concessionare operating the snack bar For Other Dots 1. Film rentai expense for the month is $18,240 However, the fim rental expense for severai months has been paid in advance 2. The bunding is being depreciated over a penod of 20 years (240 months) 3. The fixtures and equpment are being depreciated over a period of the years (60 months). 4. On the first of each month, the theater pays the interest that accrued in the prior month on its note payable. At August at accrued interest payable on this note amounts to $1,800 B. The theater allows the locat YMCA, to bring chuldren attending summer cainp to the moves on any weekday aftemoon for a foxed fee of $600 per month. On June 28 , the YMCA made a $1,800 advance payment covering the months of July, August, and septemicet 6. The theater recewes a percentage of the revenue earned by Tastie Corporation, the concessionaire operating the snack bar For snack bar caks in August, Taste owes Campus Theater \$2700, payable on Septembet 10 No entry has yet been made to record this revenue (Credit Concessions Revenue) 7. Solanes carned by employees, but not tecorded or paid as of August 31, amount to $2.040. No entry has yet been made to record this pabaty and expense. 8. income taves expense for August is estimated at $5,040 Ths amount wil be paid in the september is instailiment payment of each mionth Roquired: Q. For each of the numbeied parapraphis, prepare the necessary adjusting entry. a. Peter to the basances shown in the unacqusted tral balance of Augut st How many months of expense are inciuged in eacn of the followng account balances? (Remember, Campus Thester adjusts its accounts monthly Thus, the accounts shown were last. adjutted on Juy 31 , curient year] 1. Utatses Expense 2 Depiecimon Expense 3. Accurnulated Deprecation Building For each of the numbered paragraphs, prepare the necessary adjusting entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Refer to the balances shown in the unadjusted trial balance at August 31. How many months of expense are include of the following account balances? (Remember, Campus Theater adjusts its accounts monthly. Thus, the accounts st last adjusted on July 31 , current year.) 1. Fin rental expense for the month is $18,240. However, the film rental expense for several months has been pald in advance 2 . The bullding is being depreciated over a period of 20 years 240 months) 3. The fixtures and equipment are beling depreciated over a period of five years (60 months) 4. On the first of each month, the theater pays the interest that accrued in the prior month on its note payable. At August 31 , accrued interest payatse on this note amounts to $1,800 5. The theater allows the local YMCA to bring chitdren attending summer camp to the moves on any weekday anemoon for a fixed fee of 5600 per month. On June 28 , the YMCA made a $1,800 actvance payment covenng the months of Jily. August, and September. 6. The theater receves a percentage of the revenue eamed by Tastle Corporation, the concessionaire operating the sinack bar. For snack bar sales in August, Tastle owes Campus Theater $2,700, payable on September 10 . No entry has yet been made to record this revenue. (Credit Concessions Revenue) 7. Salanes eamed by employees, but not recorded or paid as of August 31, amount to $2.040. No entry has yet been made to record this trablity and expense 8. income taxos expense tor August is estimated at $5,040, This amount will be paid in the September 15 installment payment. 9. Uhitjes expense is recorded and paid immediately as monthly bilis are recelved. Bus for uthities are recewed and paid neat the end of each month. Required: Q. For each or the numbered paragraphs, prepare the necessary adjusting entry b. Refer to the balances shown in the unadjusted trial balance at August 31 . How many months of expense are included in each of the followng account batances? Peemember, Campus. Theater adjusts its accounts monthy. Thus. the accounts shown were iast adjusted on July 31 , current year ] 1. Utaties Expense 2. Depreciation Expense 3. Accumulated Depreclation Buliding Answer is not complete. Complete this question by entering your answers in the tabs below