Current Attempt in Progress Mar. 2 3 9 The Sheridan Theater, owned by Meg Vargo, will begin operations in March. The Sheridan will be unique in that it will show only triple features of sequential theme movies. As of March 1, the lediger of Sheridan showed: Cash No. 101 $3,050, No. 140 Land 5 23.000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $10,000, No. 157 Equipment $10,000, No. 201 Accounts Payable $7,100, and No. 301 Owner's Capital $38.950. During the month of March, the following events and transactions occurred. Rented the theme Indiana Jones movies to be shown for the first 3 weeks of March The film rental was $ 3.000: $ 1.500 was paid in cash and $ 1.500 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 $150 per night. Received $ 4,300 cash from admission, Paid balance due on Indiana Jones movies rental and 1,700 on March 1 accounts payable. Sheridan 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 $ 900 Received $ 5,500 cash from customers for admissions Received the Lord of the Rings movies and paid the rental fee of $ 1.500. Paid salaries of $ 2,500 Received statement from Adam Ladd showing gross receipts from concessions of $6.000 and the balance due to Starr Theater of 5 900 ($ 6,000 x 159 for March. Ladd paid one half the balance due and will remit the remainder on April 10 11 12 20 20 31 31 31 Received $8.900 cash from customers for admissions Journalize the March transactions Sheridan records admission revenue as service reverental of the concession standesrent revenue and film rental expensesrente pense. List alldehit entries before credit entries. Creditoccountries are automatically indented when the amount is entered. Do not indent my Record journal entries in the order presented in the problem. I no entry utred, select "No Entry for the account ties and enter for the amounts) Date Account Titles and Explanation Debit Credit Received admissions) (Paid movie rental) (Paid salaries) (Paid concessions) (Received admissions