The Vaughn Theater, owned by Meg Vargo, will begin operations in March. The Vaughn will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Vaughn showed: Cash Na. 101 \$2,950, No. 140 Land \$24,000, No, 145 Buildings (concession stand, projection room, ticket booth, and screen) \$12,000, No. 157 Equipment \$12,000, No. 201 Accounts Payable \$6.400, and No. 301 Owner's Capital \$44,550. During the month of March, the following events and transactions occurred. Mar. 2 Rented the three Indiano Janes movies to be shown for the first 3 weeks of March. The film rental was $3,400;$1,500 was paid in cash and $1,900 will be paid on March10. 3 Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $190 per night. 9 Recelved $4,400 cash from admissions. 10 Paid balance due on Indiana Janes movles rental and $2,000 on March 1 accounts payable. 11 Vaughn 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 $900. 20 Received $5,300 cash from customers for admissions. 20 Received the Lord of the Rings movies and pald the rental fee of $1,900. 31 Pald saiarles of $2,800. 31 Received statement from Adam Lada showing gross recelpts from concessions of $7.000 and the balance due to Vaughn Theater of 51,050:57,00015% for March. Ladd paid one-haif the balance due and will remit the remainder on April 5 . 31 Recsived 59,600 cash from customers for admissions: (a) Eiter the beginning balances in the ledger