The Whispering Winds Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,820, No. 140 Land $10,180, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,180, No. 157 Equipment $7,820, No. 201 Accounts Payable $3,820, No. 275 Mortgage Payable $8,180, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. Apr. 2 Paid film rental of $1,700 on first movie. 3 Ordered two additional films at $1,060 each. 9 Received $2.420 cash from admissions. 10 Made $2,090 payment on mortgage and $1,510 for accounts payable due. 11 12 20 25 29 30 30 Whispering Winds 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. Paid advertising expenses $320. Received one of the films ordered on April 3 and was billed $1,060. The film will be shown in April. Received $6,700 cash from admissions Paid salaries $2.200. Received statement from Dever showing gross concession-receipts of $2,100 and the balance due to the Whispering Winds Theater of $378 ($2.100 x 18%) for April. Dever paid one-half of the balance due and will remit the remainder on May 5 Prepaid $960 rental on special film to be run in May. Enter the beginning balances in the ledger as of April 1. Cash No. 101 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Land No. 140 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Buildings No. 145 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Equipment No. 157 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance No. 201 Accounts Payable Date Explanation Ref. Debit Credit Balance Apr. 1 Balance No. 275 Mortgage Payable Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Mortgage Payable No. 275 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance v Common Stock No. 311 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance V