AP3-8A The Star-Lite Theater Inc was recently formed. It began operations in March 2010. The Star-Lite is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Star-Lite showed: Cash $20,167; Land $42,167; Buildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $16,000; Accounts Payable $16,167; and Common Stock $84,167. During the month of March the following events and transactions occurred. Mar. 2 Rented the three Star Wars movies (Star Wars (R), The Empire Strikes Back, and The Return of the Jedi) to be shown for the first three weeks of March. The film rental was $10,431; $2,820 was paid in cash and $7,611 will be paid on March 10. Mar 3. Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $400 per night. Mar 9. Received $9,676 cash from admissions. Mar 10. Paid balance due on Star Wars movies rental and $2,600 on March 1 accounts payable. Mar 11. Hired J. Carne to operate concession stand. Carne agrees to pay The Star-Lite Theater 15% of gross receipts, payable monthly. Mar 12. Paid advertising expenses $950. Mar 20. Received $8,092 cash from customers for admissions. Mar 20. Received the Star Trek movies and paid rental fee of $4,351. Mar 31. Paid salaries of $3,837. Mar 31. Received statement from J. Carne showing gross receipts from concessions of $13,600 and the balance due to The Star-Lite of $2,040 for March. Carne paid half the balance due and will remit the remainder on April 5. Mar 31. Received $21,919 cash from customers for admissions. In addition to the accounts identified above, the chart of accounts includes: Accounts receivable, Admission Revenue, Concession Revenue, Advertising expense, Film rental expense, and Salaries Expense. Journalize the March transactions. (If no entry is necessary, enter No entry for the account and 0 for the amount. List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2. If amounts are the same, list alphabetically.) ****** I need help on this part ***** Complete the trial balance on March 31, 2010. (If answer is zero please enter 0, do not leave any fields blank.) Cash --------------------> Don't know debit and credit values here!! Accounts Receivable -------------------> $1,020 for debit and $0 for credit Land ----------------------> $42,167 for debt and $0 for credit Buildings ----------------------> $22,000 for debt and $0 for credit Equipment ----------------------> $16,000 for debit and $0 for credit Accounts Payable ------------------> Don't know the values for debit and credit here!!!! Common Stock -----------------------> $0 for debit and $84,167 for credit Admission Revenue ---------------------> $0 for debit and $39,687 for credit Concession Revenue --------------------------> $0 for debit and $2,040 for credit Advertising Expense ---------------------------> $950 for debit and $0 for credit Film Rental Expense ---------------------------> $14,782 for debit and $0 for credit Salaries Expense ---------------------------------> $3,837 for debit and $0 for credit