Current Attempt in Progress Sheridan Theatre, owned by Nadia Garcia, is unique as it shows only movies that are part of a theme with sequels. As at April 30, 2024, the ledger of Sheridan Theatre showed the following: Cash $17,400, Land $73,400, Buildings $69,300, Equipment $16, 100, Accounts Payable $3,590, Mortgage Payable $106,000, and N. Garcia, Capital $66,610. In May, the following events and transactions occurred: May 1 2 7 10 10 15 25 30 Rented the first four Harry Potter movies, to be shown in the first two weeks of May. The film rental was $23,000. Of that amount, $11,384 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 Sheridan Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand. Paid advertising expenses, $1,290. Received $34,640 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 $29,100. Paid $14,550 cash and the balance will be paid on June 1. Paid the accounts payable owing at the end of April. Paid salaries of $5,230