The Sarasota Theater is nearing the end of the year and is praparing for a masting with its bankers to discuss the reneval of a loan.

The accounts listad balow appased in the Dacember $31,2020,$ trial balance.

Additional information is available as follows.

The aquipment has an astimated useful life of $16$ years and a salvage value of $$33,600$ at the end of that time Sarasata

usas the straight$-$line mathad for depraciation.

The nota payable is a onz$-$yzar note given to the bank January $31$ and bearing intarest at $1006$ Intarest is calculated on a

manthly basis.

Late in December $2020,$ the thaatar sold $390$ coupon ticlost boolc at $$50$ aach. $220$ of these tickst books books have base

usad by yaar$-$and. The cash racaivad was racordad as Unearnad Service Ravenue.

Advartising paid in advance was $$5,550$ and was debitad to Prapaid Advertising. The company has usad $$2,490$ of the

advertising as of December $31,2020.$

Salarias and wagas accruad but ungaid at Dacamber $31,2020,$ wera $$3,230.$

$($a$)$

Prapare any adjusting journal entries nscessary for the year ended December $31,2020.($Credit account titles are automatically

indented when the amount is entered. Do not indent manualle?

No$.$ Account Titles and Explanation

Debit

Credit