Crane Theatre, owned by Nadia White, is unique as it shows only movies that are part of a theme with sequels. As at April 30, 2024, the ledger of Crane Theatre showed the following: Cash $15,900, Land $75,800, Buildings $70,200, Equipment $16,800, Accounts Payable $4,890, Mortgage Payable $106,900, and N. White, Capital $66,910. In May, the following events and transactions occurred:\ May 1\ 2\ 7\ 10\ 10\ 15\ 25\ 30\ 31\ 31\ 31\ Rented the first four Harry Potter movies, to be shown in the first two weeks of May. The film rental was $23,400. Of that amount, $10,984 was paid in cash and the balance will be paid on May 10.\ Hired M. Brewer to operate the concession stand. Brewer agreed to pay Crane Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand.\ Paid advertising expenses, $1,090.\ Received $34,540 cash from customers for admissions.\ Paid the balance due from the May 1 movie rental transaction.\ Received the final four Harry Potter movies to be shown in the last two weeks of May. The film rental cost was $27,300.\ Paid $13,650 cash and the balance will be paid on June 1.\ Paid the accounts payable owing at the end of April.\ Paid salaries of $6,230.\ Received statement from Brewer showing gross receipts from concessions of $28,500 and the balance due to Crane Theatre of $4,275 ($28,500 \\\\times 15%) for May. Brewer paid $2,200 of the balance due and will pay the rest on June 5.\ Received $40,100 cash from admissions.\ Made a $2,090 mortgage payment. Of this amount, $1,485 is a principal payment, and $605 is interest on the mortgage.