The following independent events for New Age Theatre Ltd, during the year ended November 30, 2018, require a transaction journal entry or an adjusting journal entry, or both. The company adjusts its accounts annually. 1 On June 1, 2017 the theatre purchased vehicles for $80.900 cash. The vehicles estimated useful life is five years and the company uses straight-line depreciation 2 The theatre has eight plays each season. This year's season starts in October 2018 and ends in May 2019 (one play per month). Season tickets sell for $340. On October 1.410 season tickets were sold for the 2018-2019 season. The theatre credited Unearned Revenue for the full amount received on October 1 and uses a Ticket Revenue account to record revenue earned from season tickets 3 Supplies on hand amounted to $1.940 at the beginning of the year. On February 16, additional Supplies were purchased for cash at a cost of $2.520. At the end of the year, a physical counshowed that supplies on hand amounted to $650. 4. On June 1. 2018, the theatre borrowed $104.500 from the Balk of Montreal at an interest rate of K. The principal is to be repaid in one year. The interest is payable on the first day of each following month, and was last paid on November 1 5. The New Age Theatrerents a portion of its facilities for $480 a month to a local dance club that uses the space for rehearsals. On November 2, the dance club's treasurer made a mistake and accidentally sent achegue for only $310 for the November rent. (Hint: Use the Unearned Revenue account to record the rent received in advance.) The dance club's treasurer promised to send a cheque in December for the balance when she returned from vacation On December 4, the theatre received a $170 cheque for the balance owing from November The total weekly payroll is $7.140 paid every Monday for employee salaries earned during a seven-day workweek running from Sunday to Saturday, Salaries were last paid and recorded on Monday, November 26, and will be paid next on Monday, December 3. November 30 falls on a Friday this year 7. Upon reviewing its income tax calculations on November 30, the theatre noted that an additional $1.730 of income tax was owed. This additional amount was paid on December 14. 6 Prepare the rear end adjusting entry required for item 1 through on November 30 Cdit account titles are automatical Indented when the amount is entered Do not indent molly Round all amounts to the scores dollaro entry is required select "No Entry for the account titles and enter for the amounts) Sr no. Date Account Titles and Explanation Debit Now Credit 11 MacBook Air 20 58 * S A 7 & 2 3 4 5 6 7 8 91 ET TU URUSHER Sr no. Date Account Titles and Explanation Debit Credit 1 Nov. 30 2 Nov. 30 3. Nov. 30 I 4 Nov. 30 5. Nov. 30 Nov. 30 7 Nov. 30