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blamce sheet Equipment $7,660, No. 201 Accounts Payable $3,660, No. 275 Mortgage Payable $8,340, and No. 311 Common Sto 20,000 . During April, the following
blamce sheet Equipment $7,660, No. 201 Accounts Payable $3,660, No. 275 Mortgage Payable $8,340, and No. 311 Common Sto 20,000 . During April, the following events and transactions occurred. Apr. 2. Paid film rental of $1,080 on first movie. 3 Ordered two additional films at $1,960 each. 9 Received $2,080 cash from admissions. 10 Made $2.000 payment on mortgage and $1,220 for accounts payable due. 11 Blue Spruce Theater contracted with Dever Company to operate the concession stand. Dever is to pay 18% of gross concession receipts (payable monthly) for the rental of the concession stand. 12 Paid advertising expenses $380. 20 Received one of the films ordered on April 3 and was billed $1,960. The film will be shown in April. 25 Received $6,000 cash from admissions. 29 Paid salaries $1.000 30 Received statement from Dever showing gross concession receipts of $1,000 and the balance due to the Blue Spruce Theater of $180($1,00018%) for April. Dever paid one-half of the balance due and will remit the remainder on May 5 30 Prepaid $1,010 rental on special film to be run in May. The Blue Spruce Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,660, No. 140 Land $10,340, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,340, No. 157 Equipment $7,660, No. 201 Accounts Payable $3,660, No. 275 Mortgage Payable $8,340, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. Apr. 2 Paid film rental of $1,080 on first movie. 3 Ordered two additional films at $1,960 each. 9 Received $2,080 cash from admissions. 10. Made $2,000 payment on mortgage and $1.220 for accounts payable due. the occount btex and enter Df for the amsunts (Paid cash foe fiture nim retals)
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