Lights Out Theatre Ltd was recently formed. All facilities were completed on 31 March 2016. On 1 April, the ledger showed: (100) Cash $6000; (120) Land $10 000; (130) Buildings $8000; (140) Equipment $6000; (200) Accounts Payable $2000; (210) Mortgage Payable $8000; and (300) Share Capital $20 000. During April, the following events and transactions occurred:

Apr.

2 Paid film rental of $800 on first movie.

3 Ordered two additional films at $700 each.

9 Received $3800 cash from admissions.

10 Made $2000 payment on mortgage and $1000 on accounts payable.

11 Hired R. Thoms to operate a candy bar. Thoms agrees to pay Lights Out Theatre 17% of gross receipts, payable monthly.

12 Paid advertising expenses, $300.

20 Received one of the films ordered on 3 April and was invoiced $500. The film will be shown in April.

25 Received $3200 cash from admissions.

29 Paid salaries, $1600.

30 Received statement from R. Thoms showing gross receipts of $1000 and the balance due to Lights Out Theatre of $170 for April. Thoms paid half of the balance due and will remit the remainder on 5 May.

31 Prepaid $700 rental on special film to be run in May.

In addition to the accounts identified above, the chart of accounts shows: (105) Accounts Receivable, (107) Prepaid Film Rentals, (400) Admission Revenue, (410) Candy Bar Revenue, (510) Advertising Expense, (520) Film Rental Expense, (530) Salaries Expense.

Required: (a) Enter the beginning balances in the ledger T accounts as of 1 April. (b) Journalise the April transactions, including narrations. (c) Post the April journal entries to the ledger T accounts, prepared in part (a). (d) Prepare a trial balance on 30 April 2016. (e) Prepare a statement of profit or loss for April and a classified statement of financial position as at 30 April 2016.