The Bonita Theater, owned by Meg Vargo, will begin operations in March. The Bonita will be unique in that it will show only triple

features of sequential theme movies. As of March $1,$ the ledger of Bonita showed: Cash No$.101$ $$2,950,$ No$.140$ Land $$25,000,$ No$.$

$145$ Buildings $($concession stand, projection room, ticket booth, and screen$)$ $$10,000,$ No$.157$ Equipment $$10,000,$ No$.201$ Accounts

Payable $$7,500,$ and No$.301$ Owner's Capital $$40,450.$ During the month of March, the following events and transactions occurred.

Mar. $2$ Rented the three Indiana Jones movies to be shown for the first $3$ weeks of March. The film rental was $$3,100$;$$1,500$

was paid in cash and $$1,600$ will be paid on March $10.$

$3$ Ordered the Lord of the Rings movies to be shown the last $10$ days of March. It will cost $$180$ per night.

$9$ Received $$4,300$ cash from admissions.

$10$ Paid balance due on Indiana Jones movies rental and $$2,000$ on March $1$ accounts payable.

$11$ Bonita Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay $15\%$ of gross concession

receipts, payable monthly, for the rental of the concession stand.

$12$ Paid advertising expenses $$900.$

$20$ Received $$5,500$ cash from customers for admissions.

$20$ Received the Lord of the Rings movies and paid the rental fee of $$1,800.$

$31$ Paid salaries of $$2,700.$

$31$ Received statement from Adam Ladd showing gross receipts from concessions of $$6,000$ and the balance due to Bonita

Theater of $$900($$$6,00015\%)$ for March. Ladd paid one$-$half the balance due and will remit the remainder on April $5.$

$31$ Received $$9,200$ cash from customers for admissions. Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance

Mar. $1$ Balance $($Received admissions$)$

$($Paid movie rental$)$

$($Paid salaries$)$

$($Rent received$)$

$($Received admissions$)$ Cash

No$.10$

Date

$\backslash$table$[[$Land$,,,,,,$No$.14],[$Date$,$Explanation,Ref,Debit,Credit,Balance,$],[$Mar$1,$Balance,$\backslash$sqrt$(),,,,25,00],[$Buildings$,,,,,,$No$.14],[$Date$,$Explanation,Ref,Debit,Credit,Balance,$],[$Mar$1,$Balance,$\backslash$sqrt$(),,,,10,00],[$Equipment$,,,,,,$No$.15],[$Date$,$Explanation,Ref,Debit,Credit,Balance,$],[$Mar$1,$Balance,$\backslash$sqrt$(),,,,10,00],[$Accounts Payab,,,,,,No$.20],[$Date$,$Explanation,Ref,Debit,Credit,Balance,$],[$Mar$.1,$Balance,$\backslash$sqrt$(),,,,7,50],[,,\backslash$lrcorner $1,,,,],[,,$J$1,,,,],[$Owner$\text{'}$s Capital,,,,,,No$.30],[$Date$,$Explanation,Ref,Debit,Credit,Balance,$],[$Mar$1,$Balance,$\backslash$sqrt$(),,,,40,45],[$Service Revenu,,,,,,No$.40]]$Prepare a trial balance on March $31,2022.$

BONITA THEATER

Trial Bstence