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The Off-Campus Playhouse adjusts its accounts every month. Below is the company's unadjeter tral balance dated September 30, 2015. Additional information is provided for use

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The Off-Campus Playhouse adjusts its accounts every month. Below is the company's unadjeter tral balance dated September 30, 2015. Additional information is provided for use in prepering company's adjusting entries for the month of September. (Bear in mind that adjusting already been made for the first eight months of 2015 , but not for SentemL. Other Data 1. Costume rental expene for the mosth is $600. However, the costume rental expense for several mowhs has been paid in advance. 2. The building is being depreciated iver a period of 25 years ( 300 months) 3. The fistures and equipment are being depreciated over a period of five years ( 60 months) 4. On the first of each month, the theater pays the interest which accrued in the prior month on its nete payable. At September 30, accrued interest payable on this note amounts to 51,062 5. The playhouse allows local nursing hones to bring seniors to the plays on any weekdry performance for a fixed price of $500 per month. On August 31 , a nursing home made a 51,500 advance payment covering the months of September, October, and Novembet. 6. The theater receives a percentage of the revenue earned by Sweet Corporation, the concessionaire operating the snack bar. For snack bar sales in September, Sweet owes Off-Campes Playhouse \$4,600, payable on October 14. No entry has yet been made to record this revenie. (Credit Concessions Revenue.) 7. Salaries earned by employees, but not recorded or paid as of September 30 , anount to 52,200 . No entry has yet been made to record this liability and expense. 8. Income taxes expense for September is estimated at $3,600. This amount will be paid in the October 15 installment payment. 9. Utilities expense is recorded as monthly bills are received. No adjusting entries for utilities expense are made at month-end. Instructions a. For each of the numbered paragraphs, peepare the necesary adjusting entry (including an explanation). b. Refer to tho balances shown in the unadhusted trial balance at September 30. How many monthr of experse are included in each of the following balances? (Remenber, Off-Campus Playhouse adjusts its accounts mondhby Thus, the accounts sbown were last adjusted on August 31, 2015.) 1. Utilities expense 2. Depreciation expense 3. Accumulated depreciation: building c. Assume the playhouse has been operating profitably all year. Although the September 30 trial balance shows substantial income taxes expense, income taxes payoble is a much smaller

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