The Bramble Theater, owned by Meg Vargo, will begin operations in March. The Bramble will be unique in that it will show only triple features of sequential theme movies. As of March 1 the ledger of Bramble showed Cash No. 101 $2,950, No. 140 Land $24,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $11.000, No. 157 Equipment $11,000, No 201 Accounts Payable $7.900, and No. 301 Owner's Capital $41.050. During the month of March, the following events and transactions occurred Mar 2 3 9 10 11 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,600,51400 was paid in cash and $2.200 will be paid on March 10 Ordered the Lord of the Rings movies to be shown the last 10 days of March It will cost $160 per night Received 54 300 cash from admissions. Paid balance due on Indiana Jones movies rental and $2.100 on March 1 accounts payable Bramble 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. Paid advertising expenses $800. Received $5,100 cash from customers for admissions. Received the Lord of the Rings movies and paid the rental fee of $1.600. Paid salaries of $2.800 Received statement from Adam Ladd showing gross receipts from concessions of 55.000 and the balance due to Bramble Theater of $750 (55.000 x 1590) for March Ladd paid one-half the balance due and will remit the remainder on April 5 Received 59 200 cash from customers for admissions 12. 20 20 31 31 31 CHUMA WANAW NA 10: Canh Date Explanation Ro Dab Blanca Crude Blanca Na 113 Arts Racavabla Data Explanation Ref Daba Ostance Credit Har Bane Na 148 Land Data Explanation Debat Orae Balance Mel B No 143 Bunge bata Explanation Debit Cred Balance MED N167 Equipment Data Explanation Ref Deble Balance Credit Har De 201 Accounts Payable Date Esplanation Ref Debit Crede Balance DER 30 Owner's Capital Data Laplanation Debt Credit Balance HE 56 Service Date aplanation Ref Den Cres Qance Date Explanation Red Deb Crede Balance Adwing pa Data Inplanation Dahit Credit Balance Salarm and We Date Explanation 725 Balance ) Det Credit 14720 Date Re Esplanation D Cr dance Journalize the March transactions. Bramble records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense (List all debit entries before credit entries Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Credit Debit Account Tities and Eplanation >
