The Teal Mountain Theater will begin operations in March. The Teal Mountain will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Teal Mountain showed No. 101 Cash 2,940, No. 140 Land 23,520, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) 9,800, No. 157 Equipment 9,800, No. 201 Accounts Payable 6,860, and No. 311 Share CapitalOrdinary 39,200. During the month of March, the following events and transactions occurred (amounts in thousands).

Mar. 2		Rented the three Kung Fu Panda movies to be shown for the first 3 weeks of March. The film rental was 3,430; 1,470 was paid in cash and 1,960 will be paid on March 10.
3		Ordered three Batman movies to be shown the last 10 days of March. It will cost 196 per night.
9		Received 4,214 cash from admissions.
10		Paid balance due on Kung Fu Panda movies rental and 2,058 on March 1 accounts payable.
11		Teal Mountain Theater contracted with So Bin to operate the concession stand. Bin is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand.
12		Paid advertising expenses 882.
20		Received 4,900 cash from customers for admissions.
20		Received the Batman movies and paid the rental fee of 1,960.
31		Paid salaries of 3,038.
31		Received statement from So Bin showing gross receipts from concessions of 4,200 and the balance due to Starr Theater of 630 (4,200 15%) for March. Bin paid one-half the balance due and will remit the remainder on April 5.
31		Received 8,820 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.

- Enter the beginning balances in the ledger. (Enter amounts in thousands.)

- Journalize the March transactions. Teal Mountain records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense.

- Post the March journal entries to the ledger. (Post entries in the order of journal entries presented in the previous question. Enter amounts in thousands.)

- Prepare a trial balance on March 31, 2020. (Enter amounts in thousands.)