16 7 9 10 2 Highland Theatre, owned by Finnean Ferguson. At June 30, 2021, the ledger showed the following: Cash $6,000, Land $100,000, Buildings $80,000, Equipment $25,000, 4 Accounts Payable $5,000, Mortgage Payable $125,000, and F. Ferguson, Capital $81,000. During July, the following events and transactions occurred Jul 2 Paid in rental of $800 on first movie to run in July. 2 Paid advertising expenses $620 3 Ordered two additional at $750 each Highland Theatre contracted with Seibert Company to operate a concession stand. Seibert agreed to pay Highland Theatre 20% of gross concession receipts, payable monthly, for the right to operate the concession stand 11 10 Received $1,950 cash from admissions 12 11 Paid 52,000 of the mortgage principal. Also paid $500 interest on the mortgage 13 12 Paid 5350 cash to have the projection ro 14 16 Paid $2,800 of the accounts payable. 15 19 Received one of the films ordered on July 3 and was billed 5750. The film will be shown in fully 16 29 Received 51,300 cash from customers for ad 17 30 Paid Finnean Fergnon $1,200 for his personal unn 18 30 Prepaid a 5700 rental on a special film to be shown in Augnt. 19 31 Paid salaries $1,300 20 21 22 31 Received a statement from Seibert, it showed gross concessim cepts of $1,000 and a balanced to Highland Theatre of 550 200 205) for bly Siebert paid one half of the balance due and will pay the rest in Aug 23 addition to the accounts identified above, Highland Theatre's inger includes the following Accounts Receivable Preped Film Rental Ferg, Drawing 25 27 a) Journalize the July transactions 2K b) Enter the beginning balances in the ledger as at June 30. Use the ledger format provided 2.18 29 ) Post the July journal entries to the ledger antrial balance at the end of July 2023