The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: No. 101 Cash Php 6,000, No. 140 Land Php 30,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screenPhp 20,000, No. 157 Equipment Php 15,000, No. 201 Accounts Payable Php 11,000, and No. 301 Owner's Capital Php 60,000. During the month of March, the following events and transactions occurred. March 2 Rented the three indiana Jones movies to be shown for the first 3 weeks of March. The film rental was Php 5,500 Php 2,500 was paid in cash and Php 3,000 will be paid on March 10. 3 Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost Php 300 per night. 9 Received Php 6,500 cash from admissions. 10 Paid balance due on Indiana Jones movies rental and Php 3,000 on March 1 accounts payable Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 20 percent of gross concession receipts, payable monthly, for the rental of the concession stand 12 Paid advertising expenses Php 1,200 20 Received Php 7,000 cash from customers for admissions. 20 Received the Lord of the Rings movies and paid the rental fee of Php 3,000. 31 Paid salaries of Php 5,100 31 Received statement from Adam Ladd showing gross receipts from concessions of 11 Php 10,000 and the balance due to Starr Theater of Php 2,000 (Php 10,000 x 20%) for March Ladd paid one-half the balance due and will remit the remainder on April 5. 31 Received Php 12,000 cash from customers for admissions. In addition to the accounts identified above, the chart of accounts includes: No. 112 Accounts Receivable, No. 400 Service Revenue, No. 429 Rent Revenue, No. 610 Advertising Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Instructions (a) Enter the beginning balances in the ledger, Insert a check mark () in the reference column of the ledger for the beginning balance (b) Journalize the March transactions. Starr records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. Provide brief explanation in every journal entry that you will prepare (c) Post the March journal entries to the ledger. Assume that all entries are posted from page 1 of the journal (d) Prepare a trial balance on March 31, 2019 The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: No. 101 Cash Php 6,000, No. 140 Land Php 30,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screenPhp 20,000, No. 157 Equipment Php 15,000, No. 201 Accounts Payable Php 11,000, and No. 301 Owner's Capital Php 60,000. During the month of March, the following events and transactions occurred. March 2 Rented the three indiana Jones movies to be shown for the first 3 weeks of March. The film rental was Php 5,500 Php 2,500 was paid in cash and Php 3,000 will be paid on March 10. 3 Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost Php 300 per night. 9 Received Php 6,500 cash from admissions. 10 Paid balance due on Indiana Jones movies rental and Php 3,000 on March 1 accounts payable Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 20 percent of gross concession receipts, payable monthly, for the rental of the concession stand 12 Paid advertising expenses Php 1,200 20 Received Php 7,000 cash from customers for admissions. 20 Received the Lord of the Rings movies and paid the rental fee of Php 3,000. 31 Paid salaries of Php 5,100 31 Received statement from Adam Ladd showing gross receipts from concessions of 11 Php 10,000 and the balance due to Starr Theater of Php 2,000 (Php 10,000 x 20%) for March Ladd paid one-half the balance due and will remit the remainder on April 5. 31 Received Php 12,000 cash from customers for admissions. In addition to the accounts identified above, the chart of accounts includes: No. 112 Accounts Receivable, No. 400 Service Revenue, No. 429 Rent Revenue, No. 610 Advertising Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Instructions (a) Enter the beginning balances in the ledger, Insert a check mark () in the reference column of the ledger for the beginning balance (b) Journalize the March transactions. Starr records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. Provide brief explanation in every journal entry that you will prepare (c) Post the March journal entries to the ledger. Assume that all entries are posted from page 1 of the journal (d) Prepare a trial balance on March 31, 2019