M- WAVO LCM 3 Question 7 of 7 0.13/1 3 9 10 The Triguel Theater Inc. was recently formed it began operations in March 2022. The Triquel is unique in that it will show only triple features of sequential theme movies. On March 1. the ledger of The Triquel showed Cash $ 16.000: Land $ 38,000: Buildings (concession stand, projection room, ticket booth and screen) $ 22,000. Equipment $ 16,000. Accounts Payable $ 12,000 and Common Stock 580.000. During the month of March, the following events and transactions occurred Mar. 2 Rented the first three Star Wars movies (Star Wars The Empire Strikes Back and The Return of the Jed) to be shown for the first three weeks of March. The film rental was $ 10.000 $2,000 was paid in cash and $8.000 will be paid on March 10 Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $ 500 per night Received $9.900 cash tror admissions, Paid balance due on Star Wars movies rental and $2.900 on March 1 accounts payable. The Triquel Theater contracted with R Lazlo to operate the concession stand Lazio agrees to pay The Triquel 15% of gross receipts, payable monthly for the rental of the concession stand Paid advertising expenses $500 20 Received $ 8,300 cash from customers for admissions 20 Received the Star Trek movies and paid rentaltee of $5,000 31 Paid salaries of $ 3.800 Received statement from R, Lazlo showing gross receipts from concessions of S 10.000 and the balance due to the Triquel of $1.500 ( 10,000 > 15) for March. Lazlo paid to the balance due for the rental of the concession stand and will remit the remainder on April 5 31 Received $ 20,000 cash from customers for admissions 12 31 5 3 6 B 9 W E R Your answer is partially correct. Using T-accounts, enter the beginning balances to the ledger Cash 3/1 Bal. 16.000 3/2 2,000 Land 3/1 Bal 38.000 3/31 38.000 Buildings 3/1 Bal 22.000 3/31 22.000 3/1 Bal Equipment 16.000 3/31 Accounts Payable 16,000 3/2 8.000 3/1 Bal 12000 Common Stock | 3/31 80.000 3/1 Bal. 30,000 11 5 G 7 00 9 E R T S D F G H