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REN PUNTER VERSION Problem 3-05 (Part Level Submission) The accounts listed below appeared in the December 31 trial balance of the Vaughn Theater Credit Debit $194,000 Equipment Accumulated Depreciation Equipment Notes Payable Admissions Revenue Advertising Expense Salaries and Wages Expense Interest Expense $64,600 162,000 387,300 15,220 59,200 2,520 (a) From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 31. (Credit account tles and outomatically 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, .g. 5,250.) (1) The equipment has an estimated life of 16 years and a salvage value of $22.528 at the end of that time. (use straight-line method.) (2) The note payable is a 90-day not given to the bank on October 20 and bearing interest at 8%. (Use 360 days for denominator) (3) In December, 1,830 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 $1,007 (5) Salaries and wages accrued but unpaid 54,406. No. Account Tities and Explanation Debit Credit (1) The equipment has an estimated life of 16 years and a salvage value of $22,528 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, 1,830 coupon admission books were sold at $30 each and recorded as Admissions Revenge. They could be used for admission any time after January 1. (4) Advertising expense pald in advance and included in Advertising Expense $1,007 (5) Salaries and wages accrued but unpaid $4,406. Debit No. Account Titles and Explanation (1) Credit (2) 15)