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ders - SOC 152 Kimmel, Accounting, 6e ctice Gradebook ORION Downloadable eTextbook PRINCIPLES OF FINANCIAL ACCOUNTING (ACCT 287) nment movies. On March 1, the ledger

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ders - SOC 152 Kimmel, Accounting, 6e ctice Gradebook ORION Downloadable eTextbook PRINCIPLES OF FINANCIAL ACCOUNTING (ACCT 287) nment movies. On March 1, the ledger of The Triquel showed Cash $17,200; Land $39,200; Buildings (concession stand, projection room, ticket booth, and screen) $22,o0o Equipment $16,000; Accounts Payable $13,200; and Common Stock $81,200. During the month of March, the following events and transactions occurresd Mar. 2 Rented the first three Star Wars movies (Star Wars, The Empire film rental was $9,200; $1,600 was paid in cash and $7,600 will be paid on March 10. Strikes Back, and The Return of the Jedi) to be shown for the first three weeks of March. The and 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 $9,500 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. Lazio to operate the concession stand. Lazlo agrees to pay The Trique 15% of gross receipts, payable monthly, for the rental of the concession stand 12 Paid advertising expenses $520. 20 Received $8,700 cash from customers for admissions. 20 Received the Star Trek movies and paid rental fee of $5,100 31 Paid salaries of $3,900. 31 Received statement from R. Lazlo showing gross receipts from concessions of $13,800 and the balance due to The Triquel of $2,070 ($13,800 x 15) for March. Lazlo paid half the balance due and will remit the remainder on April 5 31 Received $20,500 cash from customers for admissions. Using T-accounts, enter the beginning balances to the ledger. earch g:40 PM 11/28/2017

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