The Cineplex Centre has the following accounts in its ledger on September 30, 2021: Cash A/R...
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The Cineplex Centre has the following accounts in its ledger on September 30, 2021: Cash A/R - Smith A/R - Summers Movie Equipment Seating Equipment STEP #1 Opening Balance: 20,000 A/P Paramount 1,000 A/P MGM Opening Balance: 5,000 4,000 2,000 Bank Loan 30,000 A. Star, Capital 50,000 ? 40,000 A. Star, Drawings not applicable Admission Revenue not applicable Concession Revenue not applicable Movie Rental Expense not applicable Rent Expense not applicable Repairs Expense not applicable Utilities Expense not applicable Wages Expense not applicable Calculate the missing Capital balance for A. Star. (This will later be the Capital for October 1st, 2021 on the Statement of Owner's Equity). Show the equation you are using to find the answer: Capital = Put the beginning Capital balance in the yellow space in the table above (A. Star, Capital). The Cineplex Centre has the following accounts in its ledger on September 30, 2021: Cash A/R - Smith A/R - Summers Movie Equipment Seating Equipment STEP #1 Opening Balance: 20,000 A/P Paramount 1,000 A/P MGM Opening Balance: 5,000 4,000 2,000 Bank Loan 30,000 A. Star, Capital 50,000 ? 40,000 A. Star, Drawings not applicable Admission Revenue not applicable Concession Revenue not applicable Movie Rental Expense not applicable Rent Expense not applicable Repairs Expense not applicable Utilities Expense not applicable Wages Expense not applicable Calculate the missing Capital balance for A. Star. (This will later be the Capital for October 1st, 2021 on the Statement of Owner's Equity). Show the equation you are using to find the answer: Capital = Put the beginning Capital balance in the yellow space in the table above (A. Star, Capital).
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