sequel theatre owned by nadia wood, is unique as it shows only movie that are part of a theme with sequels as at april 30, 2017, the ledger of sequel theatre showed the following cash $18900, land $75000 buildings $69800 equipments $17000 account payable $4900 mortgage payable $106300 and n. wood, capital$69410. in may the following events and transaction occured: may1. rented the first four harry potter moviex, to be shown in the first two weeks of may, the film rental was $25000 of that amount $10784 was paid in cash and the balance will be paid on may 10. 2. hired m. brewer to operate the concession stand. brewer agreed to pay sequel theatre 15%of gross concesssion reciepts, on the last day of each month, for the right to operate the concession stand. 7. paid advertising expenses $1090 10.recieved $35940 cash from customers for admissions. 10. paid the balance due from the may1 movie rental transaction 15. recieved the final four harry potter movies to be shown in last two weeks of may. the film rental cost was $28600.paid $14300 cash and balance will be paid on june1. 25. paid the account payable owing at the end of april. 30. paid salaries of $6230. 31. recieved statement from brewer showing gross reciepts from concessions of $27700 and the balance due to sequel theatre of $4155(27700 * 15%) for may. brewer paid $2370 of the balance due and will pay the rest on june 5. 31. recieved $41800 cash from admissions. 31. made a $1790 mortgage payments. of this amount $1185 is a orincipal payment and $605 is interest on the mortgage.

a. journalize the may transaction. b. enter the beginning balances in the ledger as at may1. use the ledger format. c. post the may jounal entries to the ledger. d. prepare a trial balance at the end of may.