Question 1 of 1 - / 10 The Teal Mountain Theater will begin operations in March. The Teal Mountain will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Teal Mountain showed No. 101 Cash W2.940, No. 140 Land W23,520, No. 145 Buildings (concession stand, projection room, ticket booth and screen) W9,800, No. 157 Equipment W9,800. No. 201 Accounts Payable W6,860, and No. 311 Share Capital-Ordinary W439,200. During the month of March, the following events and transactions occurred (amounts in thousands). Mar. 2 Rented the three Kung Fu Panda movies to be shown for the first 3 weeks of March. The film rental was #3.430; W1.470 3 Ordered three Batman movies to be shown the last 10 days of March. It will cost W196 per night. 9 Received W4.214 cash from admissions. Paid balance due on Kung Fu Panda movies rental and W2,058 on March 1 accounts payable. Teal Mountain Theater contracted with So Bin to operate the concession stand. Bin is to pay 15% of gross concession rec 12 Paid advertising expenses W882. Received W4.900 cash from customers for admissions, 20 Received the Batman movies and paid the rental fee of W1.960. 31 Paid salaries of W3,038 Received statement from So Bin showing gross receipts from concessions of W4.200 and the balance due to Starr Theat balance due and will remit the remainder on April 5. Received W8,820 cash from customers for admissions 10 20 31 31 The answer it will be in there Question 1 of 1 -/ 10 31 Received W8,820 cash from customers for admissions In addition to the accounts identified above, the chart of accounts includes No. 112 Accounts Receivable.No. 400 Service Revence No. 429 Rent Revenue, No 610 Advertising Expense, No. 726 Salaries and Wages Experse, and No. 729 Rent Expene. Enter the beginning balances in the lodger. (Enter amounts in thousands) Ref. No. 101 Balance Debit Credit Cash Date Explanation Mar. 1 Balance Accounts Receivable Date Explanation Mar. 1 Balance No. 112 Balance Ref. Debit Credit Land Date No. 140 Balance Explanation Ref. Debit Credit Question 1 of 1