nt The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Star showed: Cash $3,050, Land $23,000, Buildings (concession stand, projection room, ticket booth, and screen) $12,000, Equipment $12,000, Accounts Payable $7,600, and Owner's Capital $42,450 During the month of March, the following events and transactions occurred Mar. 2 Rented the three Indiana Jones movies to be shown for the first 3 wocks of March. The film rental was $3,300: $1,400 was paid in cash and $1,900 wil be paid on March 10 3 Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $160 per night. 9 Received $4,100 cash from admissions 10 Paid balance due on Indiana Jones movies rental and $1,700 on March 1 accounts payable i Sar Theater contracted with Adam Ladd to operate the concess on stand. Ladd is to py5% gr scocess on rempts, payable monthly r emWo, the co 12 Paid advertising expenses $700 20 Recelved $5,200 cash from customers for admissions. 20 Received the Lord of the Rings movies and paid the rental fee of st 31 Paid salaries of $3,000. 31 Recelved sk stad. gross receipts from concessions of $7.000 and the belance de to Starr Theater of SLDO($7,000 x 1%) kr Mrch. Loipad onehar the balance due and will remit the remainder on April 5 31 Recelved $9,300 cash from customers for admissions (a) Enter the beginning in the ledger Balance