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:

00001.

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).

00002.

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.)

00003.

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

00004.

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

00005.

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

00006.

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.)

00007.

Mar 19: Paid advertising expenses of $950.

00008.

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

00009.

Mar 23: Paid Salaries of $4,200

00010.

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

00011.

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

00012.

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.

00013.

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

Your instructions are to create in proper format:

00001.

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)

00002.

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)

00003.

c. a Trial Balance(10marks)