The Waterway Theater, owned by Meg Vargo, will begin operations in March. The Waterway will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Waterway showed: Cash No. 101 $3,050, No. 140 Land $23,000, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $12,000, No. 157 Equipment $12,000, No. 201 Accounts Payable $7,600, and No. 301 Owner's Capital $42,450. 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 $3,300; $1,400 was paid in cash and $1,900 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 $160 per night. 9 Received $4,100 cash from admissions. 10 Paid balance due on Indiana Jones movies rental and $1,700 on March 1 accounts payable. 11 12 20 20 31 31 FE 31 Waterway 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 $700. Received $5,200 cash from customers for admissions. Received the Lord of the Rings movies and paid the rental fee of $1,600. Paid salaries of $3,000. Received statement from Adam Ladd showing gross receipts from concessions of $7,000 and the balance due to Waterway Theater of $1,050 ($7,000 x 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. Received $9,300 cash from customers for admissions. Enter the beginning balances in the lege Cash No.101 Date Explanation Ref Debit Credit Balance Max 1 Balanos Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance Me Balance Land No. 140 Date Explanation Ref Debit Credit Balance Mat Balance Buildings No. 145 Date Explanation Ref Debit Credit Balance Mar. 1 Balance Equipment No. 157 Date Explanation Ref Debit Credit Balance Mac 1 Delance Accounts Payable No.201 Date Explanation Ref Debit Credit Balance Mar 1 Balance Owner's Capital No.301 Date Explanation Ref Debit Credit Balance Service Revenue No. 400 Date Explanation Ref Debit Credit Balance Mar 1 Balance Rent Revenue No.429 Date Explanation Ref Debit Credit Balance Mar 1 Relance Advertising Expense No. 610 Date Explanation Ref Debit Credit Balance Mat 1 Balance Salaries and Weges No.726 Date Explanation Ref Debit Credit Balance Mar 1 Dalaci Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Place Journalize the March transactions Waterway when Date Account Titles and Explanation Debit Cre 3 3 v (Recasion Pentsalved Rasvetadiond Post the March journal entries to the ledger. (Post entries in the order of journal entries presented in the previous question) Cash Date Explanation Ref Debit Mar 1 Balance > < > > > J1 31 J1 J1 31 31 31 J1 31 Credit No Balance Accounts Receivable No Date Explanation Ref Debit Credit Balance > 31 Land No Date Explanation Ref Debit Credit Balance Mar Balance 2 Buildings No Date Explanation Ref Debit Credit Balance Mat Balance 1 Equipment No Date Explanation Ref Debit Credit Balance Mar 1 Balance Accounts Payable N Date Explanation Ref Debit Credit Balance Mat 1 Balance 21 Owner's C 21 No Explanation Ref Debit Credit Balance Accounts Payable Date Mar. 1 Balance 11 V 31 Owner's Capital No Date Explanation Ref Debit Credit Balance Mar. 1 Balance Service Revenue No Date Explanation Ref Debit Credit Balance 31 31 V 31 Rent Revenue No Date Explanation Ref Debit Credit Balance Y 1 Advertising Expense No Date Explanation Ref Debit Credit Balance 21 Salaries and Wages Expense Date No Explanation Ref Debit Credit Balance 31 Rent Expense Date Explanation Ref. 31 31 No Debit Credit Balance Prepare a trial balance on March 31, 2022 WATERWAY THEATER Trial Balance Totals $ Debit Credit