The Cullumber Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,000, No. 140 Land $11,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $7,000, No. 157 Equipment $7,000. No. 201 Accounts Payable $3,000, No. 275 Mortgage Payable $9,000, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. Apr. 2 Paidfilm rental of $800 on first movie. 3 Ordered two additional films at $1,000 each. 9 Received $2,000 cash from admissions. 10 Made $2,000 payment on mortgage and $1,000 for accounts payable due. 11 Cullumber Theater contracted with Dever Company to operate the concession stand. Dever is to pay 18% of gross concession receipts (payable monthly) for the rental of the concession stand. 12 Paid advertising expenses $200. 20 Received one of the films ordered on April 3 and was billed $1,000. The film will be shown in April. 25 Received $5,200 cash from admissions. 29 Paid salaries $1.000. 30 Received statement from Dever showing gross concession receipts of $1,000 and the balance due to the Cullumber Theater of $180($1,00018%) for April. Dever paid one-half of the balance due and will remit the remainder on May 5. 30 Prepaid $700 rental on special film to be run in May. Post the April journal entries to the ledger. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable No. 112 \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{1}{c|}{ Date } & Explanation & Debit & Credit \\ \hline \end{tabular} Accounts Payable No. 201 31 Rent Revenue No. 429 Date Explanation Ref. Debit Credit Balance 31 Advertising Expense