The Sunland Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $ 7,110, No. 140 Land $ 10,890, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $ 6,890, No. 157 Equipment $ 7,110, No. 201 Accounts Payable $ 3,110, No. 275 Mortgage Payable $ 8,890, and No. 311 Common Stock $ 20,000.

During April, the following events and transactions occurred.

Apr. 2 Paid film rental of $ 900 on first movie.

3 Ordered two additional films at $ 1,570 each.

9 Received $ 2,280 cash from admissions.

10 Made $ 2,440 payment on mortgage and $ 1,320 for accounts payable due.

11 Sunland 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.

12 Paid advertising expenses $ 250.

20 Received one of the films ordered on April 3 and was billed $ 1,570. The film will be shown in April.

25 Received $ 6,700 cash from admissions.

29 Paid salaries $ 3,000.

30 Received statement from Dever showing gross concession receipts of $ 1,200 and the balance due to the Sunland Theater of $ 216 ($ 1,200 18%) for April. Dever paid one-half of the balance due and will remit the remainder on May 5.

30 Prepaid $ 1,040 rental on special film to be run in May.

In addition to the accounts identified above, the chart of accounts shows No. 112 Accounts Receivable, No. 136 Prepaid Rent, No. 400 Service Revenue, No. 429 Rent Revenue, No. 610 Advertising Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

A. Enter the beginning balances in the ledger as of April 1

b.Journalize the April transactions. Palace records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense.

c.Post the April journal entries to the ledger.

d.Prepare a trial balance on April 30, 2017.