The accounts listed below appeared in the December 31 trial balance of the Novak Theater. Debit Credit Equipment $196,112 Accumulated Depreciation-Equipment $61,380 Notes Payable 162,000 Admissions Revenue 386,200 Advertising Expense 13,560 Salaries and Wages Expense 57,180 Interest Expense 2,520 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. List all debit entries before credit entries.) (1) (2) (3) The equipment has an estimated life of 16 years and a salvage value of $22.496 at the end of that time. (Use straight-line method.) The note payable is a 90-day note given to the bank October 20 and bearing interest at 8%. (Use 360 days for denominator.) In December, 2.110 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 $1,077. (5) Salaries and wages accrued but unpaid $5.135. No. Account Titles and Explanation (1) Debit Credit