Lights Out Theatre Ltd was recently formed. All facilities were completed on 31 March 2019. 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 3 9 10 11 12 20 Paid film rental of $800 on first movie. Ordered two additional films at $700 each. Received $3800 cash fro m admissions. Made $2000 payment on a mortgage and $1000 on accounts payable. Hired R. Tho m s to operate a candy bar. Tho m s agreed to pay Lights Out Theatre 17% of gross receipts, payable monthly. Paid advertising expenses, $300. Received one of the fil m s ordered on 3 April and was invoiced $500. The fil m will be shown in April. Received $3200 cash fro m ad m issions. Paid salaries, $1600. Received state m ent fro m R. Tho m s showing gross receipts of $1000 and the balance due to Lights Out Theatre of $170 for April. Tho m s paid half of the balance due and will re m it the re m ainder on 5 May. Prepaid $700 rental on special fil m to be run in May. 25 29 30 30 In addition to the accounts identified above, the chart of accounts shows: (105) Accounts receivable, (107) Prepaid rentals, (400) Admission revenue, (410) Candy bar revenue, (510) Advertising expense, (520) Film rental expense, (530) Salaries expense. Require d (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 2019. (e) Prepare a statement of profit or loss for April and a classified statement of financial position as at 30 April 2019.