Mar. 1 J. Lynch invested in a neighborhood movie house. Land, $100,000; building, $100,000; and equipment, $50,000; totaling $550,000. 2 Rental expense for the movies shown for the month, $6,000 on account. 5 Ticket sales for the month, $22,000 cash. 8 Wages paid for the month, $11,000. 12 Purchased a new popcorn machine, $3,300 on account. 17 Paid monthly fee to maintenance company, $2,700. 23 Rented the theater to an organization for a night. Billed them $2,300. 30 Paid $600 on the amount owed for the new popcorn machine. DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Mar.1 Cash 2 J. Lynch, Capital N- w w 5 Mar. 2 7 Mar. 5 o 9 Mar. 8 c 11 Mar. 12 13 Mar. 17 560 15 Mar. 23 o 17 Mar. 30 12