The Monty Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,740, No. 140 Land $10,260, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,260, No. 157 Equipment $7,740, No. 201 Accounts Payable $3,740, No. 275 Mortgage Payable $8,260, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. Apr. 2 Paid film rental of $1,260 on first movie. 3 Ordered two additional films at $1,170 each. 9 Received $2,130 cash from admissions. 10 Made $2,500 payment on mortgage and $1,400 for accounts payable due. 11 Monty 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. Received one of the films ordered on April 3 and was billed $1,170. The film will be shown in April. 12 Paid advertising expenses $320. 20 25 29 30 Received $5,900 cash from admissions. Paid salaries $1,400. Received statement from Dever showing gross concession receipts of $1,900 and the balance due to the Monty Theater of $342 ($1,900 18%) for April. Dever paid one-half of the balance due and will remit the remainder on May 5. 30 Prepaid $810 rental on special film to be run in May. Prepare a trial balance on April 30, 2022. Monty Theater Trial balance Debit Credit