The Concord Theater, owned by Meg Vargo, will begin operations in March. The Concord will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Concord showed: Cash No. 101 $3,150, No. 140 Land $23,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $10,000, No. 157 Equipment $10,000, No. 201 Accounts Payable $6,800, and No. 301 Owner's Capital $39,350. During the month of March, the following events and transactions occurred. Mar. 2 3 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,000; $1,500 was paid in cash and $1,500 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 $200 per night. 9 Received $4,000 cash from admissions. 10 12 11 12 12 22 31 Paid balance due on Indiana Jones movies rental and $1,800 on March 1 accounts payable. Concord 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 $2,000. Paid salaries of $3,000. 31 Received statement from Adam Ladd showing gross receipts from concessions of $7,000 and the balance due to Concord Theater of $1,050 ($7,000 15%) 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. Post the March journal entries to the ledger. (Post entries in the order of journal entries presented in the previous question.) Cash Date Explanation Ref Debit Mar. 1 Balance Accounts Receivable Date J1 J1 J1 J1 J1 J1 J1 J1 J1 Credit No. 101 Balance 3,150 No. 112 Explanation Ref Debit Credit Balance J1 Land No. 140 Date Explanation Ref Debit Credit Balance Mar. 1 Balance 23,000 Buildings No. 145 Date Explanation Ref Debit Credit Balance Explanation Ref. Debit Credit Balance Accounts Payable Date Mar. 1 Balance J1 J1 No. 201 6,800 No. 301 Owner's Capital Date Explanation Ref Debit Credit Balance Mar. 1 Balance 39,350 No. 400 Service Revenue Date Explanation Ref Debit Credit Balance J1 J1 J1 Rent Revenue No. 429 Date Explanation Ref Debit Credit Balance J1 Advertising Expense No. 610 Date Explanation Ref Debit Credit Balance J1 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance J1 Rent Expense No. 729 Advertising Expense Date No. 610 Explanation Ref Debit Credit Balance J1 No.726 Salaries and Wages Expense Date Explanation Ref Debit Credit Balance J1 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance J1 J1 Prepare a trial balance on March 31, 2022. Totals CONCORD THEATER Trial Balance Debit Credit