Question 6 of 9 < > View Policies Current Attempt in Progress The accounts listed below appeared in the December 31 trial balance of the Coronado Theater. Debit Credit Equipment Accumulated Depreciation-Equipment $203,968 $60,480 Notes Payable 108,000 Admissions Revenue 381,600 Advertising Expense 14,510 Salaries and Wages Expense 59.220 Interest Expense 1,680 -/1 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 O for the amounts. Round answers to O decimal places, e.g. 5,250.) (1) (2) (3) (4) The equipment has an estimated life of 16 years and a salvage value of $23,056 at the end of that time. (Use straight-line method.) 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.) In December, 2,200 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1. Advertising