The Novak Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $ 7.500, No. 140 Land $ 10,500, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $ 6,500, No. 157 Equipment $ 7,500, No. 201 Accounts Payable $ 3,500, No. 275 Mortgage Payable $ 8,500, and No. 311 Common Stock $ 20,000 During April, the following events and transactions occurred. Apr. 2 3 9 10 11 12 Paid film rental of $ 1.140 on first movie. Ordered two additional films at $1,930 each. Received $ 2,430 cash from admissions. Made $ 2,080 payment on mortgage and $ 1,300 for accounts payable due. Novak 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. Paid advertising expenses $ 320, Received one of the films ordered on April 3 and was billed $1.930. The film will be shown in April Received $ 5.700 cash from admissions Pald salaries $ 1,200 Received statement from Dever showing gross concession receipts of $1,100 and the balance due to the Novak Theater of $ 198 ($ 1,100 x 18%) for April. Dever paid one-half of the balance due and will remit the remainder on May 5. Prepaid $ 9 10 rental on special film to be run in May. 20 25 29 30 30 In addition to the accounts identified above, the chart of accounts shows No. 112 Accounts Receivable, No. 136 Prepaid Rent, No. 400 Enter the beginning balances in the ledger as of April 1. Cash No. 101 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance No. 140 Land Date Explanation Ref. Debit Credit Balance Apr. 1 Balance No. 145 Buildings Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Equipment Date Explanation Ref. No. 157 Debit Credit Balance Apr. 1 Balance Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance Apr 1 Balance Date Explanation Ref. Debit Credit Balance Apr, 1 Balance Mortgage Payable Date Explanation Ref. No. 275 Debit Credit Balance Apr. 1 Balance Common Stock No. 311 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance eTextbook and Media List of Accounts Save for Later Attempts:0 of 5 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above