Problem 3-8A (Part Level Submission) The Triquel Theater Inc. was recently formed. It began operations in March 2017. The Triquel is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Triquel showed Cash $17,200; Land $39,200; Buildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $16,000; Accounts Payable $13,200; and Commorn Stock $81,200. During the month of March, the following events and transactions occurred Mar 2 Rented the first three Star Wars movies (Star Wars, The Empire Strikes Back, and The Return of the Jedi) to be shown for the first three weeks of March. The film rental was s9,200; $1,600 was paid in cash and $7,600 will be paid on March 10. 3 Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $500 per night. 9 Received $9,500 cash from admissions. 10 Paid balance due on Star Wars movies' rental and $2,900 on March 1 accounts payable 11 The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazlo agrees to pay The Triquel 15% of gross receipts, payable monthly, for the rental of the concession stand 12 Paid advertising expenses $520 20 Received $8,700 cash from customers for admissions. 20 Recelved the Star Trek movies and paid rental fee of $5,100 31 Paid salaries of $3,900 31 Received statement from R. Lazlo showing gross receipts from concessions of $13,800 and the balance due to The Triquel of $2,070 ($13,800 .15) for March, Lazio paid half the balance due and l remit the remainder on April 5. 31 Received $20,500 cash from customers for admissions