in addition to the accounts identified above, the chart of accounts includes no.112 Account Receivable, no.400 service Revenue, No.429 Rent Revenue, no.610 Advertising Expense, no.726 Salaries and Wages Expense and no.729 Rent Expense.

INTRUCTIONS :

1. Enter the begining balances in the ledger. Insert a check mark (?) in the reference column of the ledger for the beginning balance.

2. Journalize the March transactions. sun records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense.

3. post the March journal entries to the ledger. assume that all entries are posted from page 1 of the journal.

4. prepare a trial balance on March 31,2020

P2.5. (LO 1, 2, 3, 4) The Sun Theater will begin operations in March. The Sun will be unique in that it will show only triple features of sequential theme movies, As of March 1, the ledger of Sun showed Journalite transactions, post, and No. 101 Cash 43,000, No. 140 Land W24,000, No. 145 Buildings (concession stand, projection room, prepare a trial balance. ticket booth, and screen) 410,000, No. 157 Equipment W10,000, No. 201 Accounts Payable \\7,000, and No. 31 1 Share Capital-Ordinary W40,000, During the month of March, the following events and transactions occurred (amounts in thousands). Mar. 2 Rented the three Kung Fu Panda movies to be shown for the first 3 weeks of March. The film rental was W3,500; W1,500 was paid in cash and W2,000 will be paid on March 10. 3 Ordered three Batman movies to be shown the last 10 days of March. It will cost W200 per night. Received 414,300 cash from admissions. 10 Paid balance due on Kung Fu Panda movies rental and 412,100 on March I accounts payable Sun Theater contracted with So Bin to operate the concession stand. Bin is to pay 15% of gross concession receipts, payable mouthly, for the rental of the concession stand. 12 Paid advertising expenses 41900. Received 45,000 cash from customers for admissions. Received the Batman movies and paid the rental fee of W2,000. 31 Paid salaries of 43.100. I Received statement from So Bin showing gross receipts from concessions of $6,000 and the balance due to Starr Theater of W900 (W6,000 x 15%) for March. Bin paid one-half the balance due and will remit the remainder on April 5. 1 Received 49.000 cash from customers for admissions