The accounts listed below appeared in the December 31 trial balance of the Concord Theater. Debit Credit Equipment $201,488 Accumulated Depreciation-Equipment $64,620 Notes Payable 162,000 Admissions Revenue 385,600 Advertising Expense 15,160 Salaries and Wages Expense Interest Expense 59,280 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 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) The equipment has an estimated life of 16 years and a salvage value of $22,848 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, 2,190 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 $1,101. (5) Salaries and wages accrued but unpaid $4,457. No. Account Titles and Explanation (1) (2) (3) (4) (5) Debit Credit