On February 28,2018,Star TheatreInc.'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:

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 Theatreuses the account Rent Expense to record film rentals).

Mar 2:Hired Brewer Co. to operate concession stand. Brewer agrees to pay Star Theatre15% 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 Theatreuses the account Concession Revenue to record concession receipts earned.)

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

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

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

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

Mar 19: Paid advertising expenses of $950.

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

Mar 23: Paid Salaries of $4,200

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

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

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

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

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.(30marks)

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(10marks)

c. a Trial Balance(10marks