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can anyone help me solve the wrong part? i dont understand the T chart The Triguel Theater Inc. was recently formed, it began operations in
can anyone help me solve the wrong part? i dont understand the T chart
The Triguel Theater Inc. was recently formed, it began operations in March 2017, The Travel is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Triquel showed Cash $18,600: Land $40,600: Buildings (Concession stand, projection roam, ticket bapth, and screen) $22,000; Equipment $16,000; Accounts Payable s14,600; and Comman Stock $82,600. During the manth af March, the following events and transactions pocurred: Mar. 2 Renter the first three Star Wars movins (Star Wars The Empire Strikes Hack, and the datum of the ind) to be shown for the first three weeks of March. The film rental was $9.400; $2,000 was paid in cash and $7,41%) will be paid on March 10. 3 Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $500 per night. 9 Received 10,500 cash from admissions. 10 Paid balance due on Star Wars movies' rental and $2,900 on March 1 accounts payable. 11 The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazlo agrees to pay The Triquel 15% of gross receipts, payable monthly, for the rental of the concession stand. 12 Paid advertising expenses $460. 20 Received $7,800 cash from customers for admissions. 20 Received the Star Trek movies and paid rental fee of $,300. 31 Paid salaries of $3,700. 31 Received statement from R. Lazlo showing grass receipts from concessions of $11,100 and the balance due to The Triquel of $1,710 ($11,100 x .15) for March. Lazlo paid half the belance due far the rental of the concession stand and will remit the remainder on April 5. 31 Received $20,900 cash from customers for admissions. (a) Your answer is partially correct. Try again. Using T-accounts, enter the beginning balances to the ledger. Cash *3/1 Hal. e 18500021631.3 18600 Land 2/1 bal. 405002371 6. i 40600 Buildings 2/1 Bal. # 7311 Bal. : 22000 21 Bel.: 15000 272 Bai . 8 Equipment 16000 Accounts Payable 3:1 bal. 24500 31 bal. a * 31.821 6250031 621. : 32600Step by Step Solution
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