Problem 3-5 The accounts listed below appeared in the December 31 trial balance of the Marin Theater Debit Credit Equipment Accumulated Depreciation-Equipment Notes Payable Admissions Revenue Advertising Expense Salaries and Wages Expense Interest Expense $203,872 $62,120 90,000 384,300 13,520 57,780 1,400 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 0 for the amounts. Round answers to 0 decimal places, e.g. 5,250.) (1) The equipment has an estimated life of 16 years and a salvage value of $25,072 at the end of that time. (Use (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%. (Use 360 days (3) In December, 2,130 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They straight-line method.) for denominator.) could be used for admission any time after January 1 (4) Advertising expense paid in advance and included in Advertising Expense $1,142 (5) Salaries and wages accrued but unpaid $4,928 No. Account Titles and Explanation Debit Credit 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