The following accounts were taken from the trial balance of Cole Company December 31, 2013: Given the information below, make the necessary adjusting entries. The equipment has an estimated useful life of ten years and a salvage value of $4,000. Depreciation is calculated using the straight-line method. Of selling expense. $1, 500 has been paid in advance. Interest of $800 has accrued on notes receivable. Of advertising expense, $440 was incorrectly debited to Selling Expense