Sunland Theatre, owned by Nadia Lewis, is unique as it shows only movies that are part of a theme with sequels As at April 30, 2024, the ledger of Sunland Theatre showed the following Cash $17,600, Land $75,400, Buildings $68,300, Equipment $15,300, Accounts Payable $2,990, Mortgage Payable $106,500, and N Lewis, Capital $67,110 In May, the following events and transactions occurred May 1 Rented the first four Harry Potter movies, to be shown in the first two weeks of May The film rental was $24,600 Of that amount, $11,784 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 Sunland Theatre 15 of gross concession receipts, on the last day of each month, for the right to operate the concession stand 7 Paid advertising expenses, $1,290 10 Received $35,240 cash from customers for admissions 10 Paid the balance due from the May 1 movie rental transaction 15 Received the final four Harry Potter movies to be shown in the last two weeks of May The film rental cost was $29,200 Paid $14,600 cash and the balance will be paid on June 1 25 Paid the accounts payable owing at the end of April 30 Paid salaries of $6,230 31 Received statement from Brewer showing gross receipts from concessions of $28,000 and the balance due to Sunland Theatre of $4,200 ($28,000 15 ) for May Brewer paid $2,300 of the balance due and will pay the rest on June 5 31 Received $41,500 cash from admissions 31 Made a $1,790 mortgage payment Of this amount, $1,185 is a principal payment, and $605 is interest on the mortgage In addition to the accounts identified above, Sunland Theatres ledger includes the following Accounts Receivable Admission Revenue Concession Revenue Advertising Expense Film Rental Expense Interest Expense and Salaries Expense (a) Journalize the May transactions (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Record journal entries in the order presented in the problem List all debit entries before credit entries )

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Sunland Theatre, owned by Nadia Lewis, is unique as it shows only movies that are part of a theme with sequels. As at April 30,

Sunland Theatre, owned by Nadia Lewis, is unique as it shows only movies that are part of a theme with sequels. As at April 30, 2024, the ledger of Sunland Theatre showed the following: Cash $17,600, Land $75,400, Buildings $68,300, Equipment $15,300, Accounts Payable $2,990, Mortgage Payable $106,500, and N. Lewis, Capital $67,110. In May, the following events and transactions occurred:

May 1		Rented the first four Harry Potter movies, to be shown in the first two weeks of May. The film rental was $24,600. Of that amount, $11,784 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 Sunland Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand.
7		Paid advertising expenses, $1,290.
10		Received $35,240 cash from customers for admissions.
10		Paid the balance due from the May 1 movie rental transaction.
15		Received the final four Harry Potter movies to be shown in the last two weeks of May. The film rental cost was $29,200. Paid $14,600 cash and the balance will be paid on June 1.
25		Paid the accounts payable owing at the end of April.
30		Paid salaries of $6,230.
31		Received statement from Brewer showing gross receipts from concessions of $28,000 and the balance due to Sunland Theatre of $4,200 ($28,000 15%) for May. Brewer paid $2,300 of the balance due and will pay the rest on June 5.
31		Received $41,500 cash from admissions.
31		Made a $1,790 mortgage payment. Of this amount, $1,185 is a principal payment, and $605 is interest on the mortgage.

In addition to the accounts identified above, Sunland Theatres ledger includes the following: Accounts Receivable; Admission Revenue; Concession Revenue; Advertising Expense; Film Rental Expense; Interest Expense; and Salaries Expense.

(a)

Journalize the May transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)