On February 28, 2018, Star Theatre Inc.'s general ledger showed Cash $15,000; Land $85,000; Buildings $77,000; Equipment $20,000; Accounts Payable $12,000; Mortgage Payable $118,000; Common Shares $40,000; and Retained Earnings $27,000. During the month of March, the following transactions occurred:

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Mar 1: Received three movies to be shown during the first 3 weeks of March. The film rental was $27,000. Of that amount, $10,000 was paid in cash and the remainder was on account. (Hint: Star Theatre uses the account Rent Expense to record film rentals).

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Mar 2:Hired Brewer Co. to operate concession stand. Brewer agrees to pay Star Theatre 15% of gross receipts (Brewer Co. keeps the rest of the concession revenue), payable on the last day of each month, for the right to operate a concession stand. (Hint: Star Theatre uses the account Concession Revenue to record concession receipts earned.)

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Mar 5:Ordered three additional movies, to be shown the last 10 days of March. The film rental cost will be $300 per night.

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Mar 12: Paid balance due on the movies rented on March 1.

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Mar 13: Paid the accounts payable owing at the end of February

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Mar 15: Received $25,500 from customers for admission for the first half of the month. (Hint: Star Theatre uses the account Fees Earned to record revenue from admissions.)

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Mar 19: Paid advertising expenses of $950.

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Mar 20: Received the movies ordered on March 5 and paid rental fee of $3,000 ($300 x 10 nights)

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Mar 23: Paid Salaries of $4,200

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Mar 26: Paid $1,250 of the balance due on the mortgage, as well as $750 of interest on the mortgage.

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Mar 28: Paid $3,000 for the monthly Income Tax instalment.

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Mar 30: Received statement from Brewer Co., showing gross concession receipts of $16,600, and the balance due to Star Theatre of $2,490 ($16,600 x 15%) for March. Brewer paid half of the balance due and will remit the remainder on April 5.

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Mar 31Received $25,800 from customers for admissions for the past two weeks.

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Your instructions are to create in proper format:

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a. The journal entries for each transaction. Note, if the event does not represent an accounting transaction, you would enter 'NO ENTRY' next to the date of the entry, so I know you haven't skipped it by mistake. (30 marks)

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b. T Accounts, showing the beginning balances of the ledger as of February 28. Post the March journal entries and calculate closing balances as of March 31 (10 marks)

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c. a Trial Balance (10 marks)

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Your answers must be in Excel or PDF format.