nment Problem 3-8A The Triquel Theater Inc. was recently formed. It began operations March 2017. 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 $20,800; Land $42,800; Buildings (concession stand, projection room, booth, and screen) $22,000; Equipment $16.000; Accounts Payable $16,800; and Common Stock $84,800. During the month of March, the following events and transactions ocourred: Mar. 2 Rented the first three star Wars movies (star Warss, The Empire strakes Back and The Retum ofthe to be shown for the first three weeks of March. The film rental was $9,100; $2,000 was paid in cash and $7100 will be paid on March 10, 3 ordered the first three Star Trek movies to be shown the last 10 days of March. It wil cost $500 per night. $10,600 cash from admissions. 10 Paid balance due on Star Wars movies" rental and $2,900 on March 1 accounts 11 The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazlo agrees to pay The Triquel 15% of gross reoeipts, payable monthly, for the rental of the concession stand. 12 Paid advertising expenses $590. 20 Received $8,000 cash from customers for admissions. Received the Star Trek movies and paid rental fee of $5,500 20 31 Paid salaries of $3,600. 31 statement from R. Lazio showing gross receipts from concessions of s12.300 and the balance due to The Tiquel of s1,845 (s12.300 .15) for March. Lazio paid half the balance due and will remit the remainder on April 5. $20,400 cash from customers for admissions. Using Taccounts, enter the beginning balances to the ledger. Land Policy I s zooo 20uz lahnwileassens uns. Au Rights Reserved. A Division of 2ahn sens unga