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The following accounts appeared in the December 31 trial balance of the Pharoah Theatre: What amounts should be shown for each of the following on

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The following accounts appeared in the December 31 trial balance of the Pharoah Theatre: What amounts should be shown for each of the following on the income statement for the year? (Round answers to 0 decimal places, es. 5,275.) From the account balances above and the information that follows, prepare the annual adjusting entries necessary on December 31: 1. The equipment has an estimated life of 16 years and a rsidual value of $43,200. (Use the straight-line method.) 2. The note payable is a 90 -day note given to the bank on October 20 and bearing interest at 10%. (Hint: Use number of days in your calculation.) 3. In December, 2,200 coupon admission books were sold at $20 each. They can be used for admission any time after January 1. 4. Of the Rent Expense balance, $1,200 is paid in advance. 5. Salaries accrued but unpaid are $12,700. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Use 365 days for calculation. Round answers to 0 decimal places, e.g. 5,275.)

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