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1. Flix Inc. began operations in April 2019. On April 1, the ledger of Flix displayed the following: Note: All amounts in Rupees Cash 32,000
1. Flix Inc. began operations in April 2019. On April 1, the ledger of Flix displayed the following: Note: All amounts in Rupees Cash 32,000 Buildings 44,000 Equipment 32.000 Land 76,000 Accounts Payable 24,000 Common Stock/Capital 160.000 During April 2019, the following transactions occurred. Page 1 of 3 April 2 Rented 3 SciFi movies to be screened for the Ist 3 weeks of the month: Rental was 20.000: 4,000 paid in cash & balance will be paid shortly on April 10. 2019. April 3 Ordered 3 SciFi movies to be screened on the last ten days of the month: Cost being 1000 per night. April 9 Received 19800 cash from admissions April 10 Paid balance due on rental for SciFi movies & 5800 on April I accounts payable. April 11 James Michael enters in to an agreement with Flix Ine. to operate the snack kiosk (included in buildings) and agrees to pay it 15% of gross receipts. payable monthly, as rental of a snack kiosk. April 12 Paid for advertising 1000. April 20 Received 16600 cash from customers for admissions April 20 Received the Scifi movies & paid rental 10.000. April 30 Paid salaries of 7600. April 30 Received a statement from James Michael which showed gross receipts from the refreshment stand of 20.000 & the amount due to Flix Inc. 2000 (20.000 X 0.15) for April. James paid half the balance outstanding and will remit the rest on May 5. April 30 Received 40.000 cash from customers for admissions Instructions (a) Enter the beginning balances to the ledger b) Journalize April transactions (c) Post the April joumal entries to the ledger id) Prepare a trial balance on April 30, 2019
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