Question 5 of 5 < 0.33/1 Accounts Payable $17.000, Mortgage Payable $113,000; Common Shares $43,000; and Retained Earnings $30,000. During the month of March, the following transactions occurred: Mar 1 2 5 12 Received three movies to be shown during the first three weeks of March. The film rental was $27,000. Of that amount, $10,000 was paid in cash and the remainder was on account. (Hint: Sandhill uses the account Rent Expense to record film rentals). Hired M. Brewer to operate concession stand. Brewer agrees to pay Sandhill 15% of gross receipts, payable on the last day of each month, for the right to operate the concession stand. (Hint: Sandhill uses the account Concession Revenue to record concession receipts earned.) Ordered three additional movies, to be shown the last 10 days of March. The film rental cost will be $300 per night. Paid balance due on the movies rented on March 1. 13 15 15 19 222 20 Paid the accounts payable owing at the end of February. Received $25,500 from customers for admissions for the first half of the month. (Hint: Sandhill uses the account Fees Earned to record revenue from admissions.) Paid advertising expenses, $950. Received the movies ordered on March 5 and paid rental fee of $3,000 ($300 10 nights). ING