Problem 2-5A (Part Level Submission) Starr Theater o ed by Meg Varge, begin operators Mrth. The Star wa be uiqun n that it wil show only triple features of sequential theme move. As of March 1, the ledger of Starr showet $3,050, Land $24,000, Bualdings (concession stand, projection room, ticket booth, and screen) $10,000, Equipment $10,000 Accounts Payabile $7,800, and Owner's Capital $39,250. During the morth of Marchy the folowing events and transactions occurred. Mar. 2 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The lm rental was $3,500; $1,500 was paid ian cash and $2,000 will 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 $180 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 with Adam Ladd to operate the concesson stand. Ladd is to pay IS% of gross concess on recepts, payable monthly, for the ental of 12 Paid advertising expenses $800. for admissions 20 Received the Lord of the Rings movies and paid the rental fee of $1,800 concessen stand. will remit the eregts from eeeesiam td S2,000 and the balance due to gar Theater of $1,050 ($7,000 xS%) for March. uadd pidan-bal the balance d" and