The Oriole Theater opened on April 1 . All facilities were completed on March 31. At this time, the ledger showred Na. 101 Cash \$7,090, No. 140 Land \$10,910, No. 145 Buldings (concession stand, projection room, ticket booth and screen) \$6,910, No, 157 Equipment \$7,090, Na. 201 Accounts Payable \$3,090, No. 275 Mortgage Payable \$8,910, and No. 311 Common Stock $20,000. During Aprit, the following events and transactions occurred. Apr.2 Paid film rental of $1.090 on first movie. 3 Ordered two additional films at $1,380 each. 9 Receil $2,120 cash from admissions. 10 Made $2,020 payment on mortgage and $1,410 for accounts payable due. 11 Oriole Theater contracted with Dever Company to operate the concesslon stand. Dever is to pay 18\%6 of Fross concession receipts (payable monthly) for the rental of the concession stand. 12 Paid advertising expenses $360. 20. Received one of the films ordered on April 3 and was billed 51 , 380 . The film will be shown in April. 25 Received $6.500 cash fron adrissions 29 Paid salaries $1700. 30 Received statement from Dever showing sooss concession recelpts of $1,600 and the balance due to the Oriole Theater of $283 ( $1.6001895 fs: Aqril. Dever paid ond half of the balance due and will remit the remainder on Mays. In addition to the accounts identifed above, the chart oflaccounts shows No 172 Accounts Recoivable. Na 136 Whoes Expense, and No. 729 Rent Exerise. foumdiax the April transaction. Or iole Theater records admission revenue as sovice revenue, rental of the acceent tities end enter of for the nemunts]