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The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: Cash $2,950, Land $24,000, Buildings (concession stand, projection room, ticket booth, and screen) $12,000, Equipment $12,000, Accounts Payable $7,400, and Owner's Capital $43,550. During the month of March, the following events and transactions occurred. Mar.2 3 9 10 11 12 20 20 31 31 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,000;$1,600 was paid in cash and $1,400 will be paid on March 10. Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $160 per night, Received $4,400 cash from admissions. Paid balance due on Indiana Jones movies rental and $2,200 on March 1 accounts payable. Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand. Paid advertising expenses $800. Received $5,500 cash from customers for admissions. Received the Lord of the Rings movies and paid the rental fee of $1.600. Paid salaries of $2,900. Received statement from Adam Ladd showing gross receipts from concessions of $5,000 and the balance due to Starr Theater of $750 ($5,000* 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. Received $9.700 cash from customers for admissions. 31 C. Scanned with CamScanner Enter the beginning balances in the ledeer. estion 3 of 6 - / 1 Enter the beginning balances in the ledger. No. 101 Balance Credit No. 112 Balance Credit No. 140 Balance Credit Cash Date Explanation Ref Debit Mar. 1 Balance Accounts Receivable Date Explanation Ref Debit Mar. 1 Balance Land Date Explanation Ref Debit Mar. 1 Balance Buildings Date Explanation Ref Debit Mar. 1 Balance Equipment Date Explanation Debit Mar. 1 Balance Accounts Payable Date Explanation Ref Debit Mar. 1 Balance Owner's Capital Coates Explanation with Reams Behinner Mar. 1 Balance No. 145 Balance Credit Ref No. 157 Balance Credit No. 201 Balance Credit No. 301 Balance Credit estion 3 of 6 - / 1 vate Expranauon VEDIC Credit balance No. 301 Balance Debit Credit No. 400 Balance Debit Credit Debit Credit No. 429 Balance Mar. 1 Balance Owner's Capital Date Explanation Ref Mar. 1 Balance Service Revenue Date Explanation Ref Mar. 1 Balance Rent Revenue Date Explanation Ref Mar. 1 Balance Advertising Expense Date Explanation Mar. 1 Balance Salaries and Wages Expense Date Explanation Ref Mar. 1 Balance Rent Expense Date Explanation Mar. 1 Balance Ref Debit No. 610 Balance Credit No. 726 Balance Debit Credit Ref No. 729 Balance Debit Credit cs Scanned with CamScanner extbook and Media