The Coronado Theater, owned by Meg Vargo, will begin operations in March. The Coronado will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Coronado showed: Cash No. 101 $3,050, No. 140 Land $24,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $10,000, No. 157 Equipment $10,000, No. 201 Accounts Payable $7,900, and No. 301 Owner's Capital $39,150. During the month of March, the following events and transactions occurred. Mar. 2 3 9 10 11 12 20 20 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,400; $1,500 was paid in cash and $1,900 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 $180 per night. Received $4,400 cash from admissions. Paid balance due on Indiana Jones movies rental and $1,700 on March 1 accounts payable. Coronado 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 $700. Received $5,400 cash from customers for admissions. Received the Lord of the Rings movies and paid the rental fee of $1,800. (a) 31 Paid salaries of $3,200. Received statement from Adam Ladd showing gross receipts from concessions of $5,000 and the balance due to Coronado Theater of $750 ($5,000 x 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. Received $9,600 cash from customers for admissions. 31 31 Enter the beginning balances in the ledger. Cash Date Explanation Mar. 1 Balance Accounts Receivable Date Explanation Mar. 1 Balance Land Ref V Ref Debit Debit Credit Credit Balance Balance No. 101 No. 112 No 140 Land Date Explanation Mar. 1 Balance Buildings Date Explanation Mar. 1 Balance Equipment Date Explanation Mar. 1 Balance Accounts Payable Date Explanation Mar. 1 Balance Owner's Capital Date Explanation Mar 1 Balance Ref Ref Ref Ref Ref al Debit Debit Debit Debit Debit Credit Credit Credit Credit Credit Balance Balance Balance Balance Balance No. 140 No. 145 No. 157 No. 201 No. 301 Owner's Capital Date Explanation Mar. 1 Balance Service Revenue Date Explanation Mar. 1 Balance Rent Revenue Date Explanation Mar. 1 Balance Advertising Expense Date Explanation Mar. 1 Balance Salaries and Wages Expense Date Explanation Mar. 1 Balance Ref V Ref Ref Ref Ref Debit Debit Debit Debit Debit Credit Credit Credit Credit Credit Balance Balance Balance Balance Balance No. 301 No. 400 No. 429 No. 610 No. 726 Salaries and Wages Expense Date Explanation Mar. 1 Balance Rent Expense Date Explanation Mar. 1 Balance Ref Ref Debit Debit Credit Credit Balance Balance (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. No. 726 No. 729