The Starr Theater owned by Mes vargo, will begin operations in March. The Starry be unique in that it will show only triple features of sequential theme movies, as of March 1, the ledger of Starr showed: Cach No. 101 $3,000, No. 140 Land $24,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) 310.000, No. 157 Equipment $10,000, No. 201 Accounts Payable $7,000, and No. 301 Owner's Capital $40,000. During the month of March, the following avants and transactions occurred. Mar 2 2 119 10 12 (3) 20 31 31 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,500: $1,500 was paid in cash and $2,000 will be paid on March 10. Ordered the Lord of the Rings movies to be shown the last 10 days of March It will cost $200 per night Received $4,300 cash from admissions. Paid balance due on Indiana Jones movies rental and $2,100 on March 1 accounts payable. Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand. Paid advertising expenses $900. Enter the beginning balances in the ledger. Cash Date Received $5,000 cash from customers for admissions. Received the Lord of the Rings movies and paid the rental fee of $2,000 Paid salaries of $3,100. Received statement from Adam Ladd showing gross receipts from concessions of $6,000 and the balance due to Starr Theater of $900 ($6.000 1596) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. Received $9,000 cash from customers for admissions. Explanation Ref Mar. 1 Balance Accounts Receivable Date Explanation Ref Land

Mar. 1 Balance Date Explanation Ref Mar 1 Balance Buildings Date Explanation Ref Mat A Balance Equipment Date Ex that Balac Accounts Payable Date Explanation Ref Hand Balate Date Explanation Debit Debit Debit Debit Debit Debit Credit Credit Credis Credis Credit Credit Credit Balance Balance Balance Balance Balance Balance Balance No. 101 No. 112 No. 140 No. 145

No. 157 No 201 No. 301

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