The Sheffield Theatre Inc. was recently formed. It began operations in March $20$XX$.$ The Sheffield is unique in that it will show only

triple features of sequential theme movies. On March $1,$ the ledger of The Sheffield showed Cash $$17,600,$ Land $$37,600,$ Buildings

$($concession stand, projection room, ticket booth, and screen$)$ $$21,250,$ Equipment $$16,750,$ Accounts Payable $$12,100,$ and Common

Shares $$81,100.$ During the month of March, the following events and transactions occurred.

Mar. $2$ Rented the first three Star Wars movies $($Star Wars ${?}^{},$ The Empire Strikes Back, and The Return of the Jedi$)$ to be shown for the

first three weeks of March. The film rental was $$10,300$;$$2,160$ was paid in cash and $$8,140$ will be paid on March $10.$

$3$ Ordered the first three Star Trek movies to be shown the last $10$ days of March. It will cost $$470$ per night.

$9$ Received $$9,500$ cash from admissions.

$10$ Paid balance due on Star Wars movies' rental and $$4,020$ on March $1$ accounts payable.

$11$ The Sheffield Theatre contracted with R$.$ Lazlo to operate the concession stand. Lazlo agrees to pay The Triquel $17\%$ of

gross receipts, payable monthly, for the rental of the concession stand.

$12$ Paid advertising expenses $$540.$

$20$ Received $$8,700$ cash from customers for admissions.

$20$ Received the Star Trek movies and paid rental fee of $$5,400.$

$31$ Paid salaries of $$3,700.$

$31$ Received statement from R$.$ Lazlo showing gross receipts from concessions of $$11,600$ and the balance due to The

Sheffield of $$1,972($$$11,6000\mathrm{.}17)$ for March. Lazlo paid half the balance due and will remit the remainder on April $5.$

$31$ Received $$19,700$ cash from customers for admissions.

Journalize the March transactions. The Sheffield records admission revenue as service revenue,

concession revenue as sales revenue, and film rental expense as rent expense. $($If no entry is required,

select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are

automatically indented when amount is entered. Do not indent manually. Record journal entries

in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

$[$

$[$

$[$

$($To record cash received for admissions$)$

$($To record cash received for admissions$)$

$($To record film rental paid$)$

$($To record salaries expense paid$)$

$($To record cash received and balance on account for concessions$)$

$($To record cash received for admissions$)$