The Sunland Theater, owned by Meg Vargo, will begin operations in March. The Sunland will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Sunland showed: Cash No. 101 $3,150, No. 140 Land $23,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $10,000, No. 157 Equipment $10,000, No. 201 Accounts Payable $6,400, and No. 301 Owners Capital $39,750. During the month of March, the following events and transactions occurred.

Mar. 2		Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,200; $1,600 was paid in cash and $1,600 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 $200 per night.
9		Received $4,000 cash from admissions.
10		Paid balance due on Indiana Jones movies rental and $2,000 on March 1 accounts payable.
11		Sunland 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.
12		Paid advertising expenses $700.
20		Received $5,200 cash from customers for admissions.
20		Received the Lord of the Rings movies and paid the rental fee of $2,000.
31		Paid salaries of $2,500.
31		Received statement from Adam Ladd showing gross receipts from concessions of $6,000 and the balance due to Sunland Theater of $900 ($6,000 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5.
31		Received $9,000 cash from customers for admissions.

(d). Prepare a trial balance on March 31, 2022