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Question 1 (15 points) Cinderella Cineplex Limited owns a movie theatre in a major metropolitan area near a theme park. The business completed the following
Question 1 (15 points) Cinderella Cineplex Limited owns a movie theatre in a major metropolitan area near a theme park. The business completed the following 2021 transactions in March: Mar 1 Received cash of $30,000 and issued 15,000 common shares to the investor. 2 Paid $20,000 cash and signed a $30,000 note payable to purchase movie projectors for the theatre. 5 Borrowed $100,000 from the bank to finance the purchase of the new seating in the 360 degree surround theatre by signing a note payable to the bank. 7 Received $15,000 cash from ticket sales and deposited that amount in the bank. 10 Purchased theatre supplies, on account, $1,700. 15 Paid employee salaries, $2,800, 16 Paid utilities on a theatre building, $1,800. 17 Paid property tax expense, $1,200. 28 Paid $800 on account. 30 Declared and paid a cash dividend of $3,000. Required: Complete the journal entries to information noted above
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