Question
On March 31, the Lake Theater's the ledger showed: No. 101 Cash $6,000, No. 140 Land $10,000, No. 145 Buildings (concession stand, projection room, ticket
On March 31, the Lake Theater's the ledger showed: No. 101 Cash $6,000, No. 140 Land $10,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $8,000, No. 157 Equipment $6,000, No. 201 Accounts Payable $2,000, No. 275 Mortgage Payable $5,000 and No. 311 Share Capital Ordinary $20,000 No.320 Retained Earnings $3,000. During April, the following events and transactions occurred.
In addition to the accounts identified above, the chart of accounts shows: No. 103 Supplies No. 112 Accounts Receivable, No. 136 Prepaid Rentals, No.280 Unearned Revenue, No. 333 Dividends No. 405 Admission Revenue, No. 406 Concession Revenue, No. 610 Advertising Expense, No. 632 Film Rental Expense, and No. 726 Salaries Expense.
Apr 2 Paid film rental of $600 on the first movie in April.
3 A customer paid $1000 for a private event ( a film party with friends) to be held in May in Lake Theater.
9 Received $2,300 cash from admissions.
10 Made $1,500 payment on mortgage and $1,200 for accounts payable due.
11 Purchased $1,000 for supplies on account.
12 Paid advertising expenses $1,100.
20 Received films ordered in March and was billed $1,000. The film will be shown in April.
25 Received $5,400 cash from admissions.
29 Paid salaries $1,300.
30 Paid dividends $300 to shareholders.
30 Prepaid $900 rental on special film to be run in May.
**** Do not input ",' in your answers, otherwise , no marks will be awarded! Five thousand should be inputted as 5000
Amount of total assets on at Mar
Amount of total liabilities at 31 Mar
Amount of Equity at 31 Mar
Amount of Cash in the trial balance at 30 April
Supplies in the trial balance at 30 April
Prepaid Rental in the trial balance at 30 April
Accounts Payable in the trial balance at 30 April
Mortgage Payable in the trial balance at 30 April
Total Revenue for April
Total Expense for April
Net Income for April
Retained Earnings at 30 April
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