The Wildhorse Theater opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7,350, No. 140 Land $10,650, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,650, No. 157 Equipment $7,350, No. 201 Accounts Payable $3,350, No. 275 Mortgage Payable $8,650, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. Apr. 2 Paid film rental of $1,280 on first movie. 3 Ordered two additional films at $1,300 each. 9 Received $2,130 cash from admissions. 10 Made $2,420 payment on mortgage and $1,510 for accounts payable due. 13 11 12 22222 Wildhorse 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 $340. Received one of the films ordered on April 3 and was billed $1,300. The film will be shown in April. 20 25 Received $6,400 cash from admissions. 29 Paid salaries $1,800. 30 30 Received statement from Dever showing gross concession receipts of $3,000 and the balance due to the Wildhorse Theater of $540 ($3,000 x 18 %) for April. Dever paid one-half of the balance due and will remit the remainder on May 5. Prepaid $900 rental on special film to be run in May. In addition to the accounts identified above, the chart of accounts shows No. 112 Accounts Receivable, No. 136 Prepaid Rent, 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 as of April 1. Cash Date Explanation Ref. Debit Apr. 1 Balance Land Date Explanation Ref. Debit Apr. 1 Balance Buildings Date Explanation Ref. Debit Apr. 1 Balance Equipment Date Explanation Ref. Debit Apr. 1 Balance 7350 No. 101 Credit Balance No. 140 Credit Balance 10650 6650 No. 145 Credit Balance No. 157 Credit Balance 7350 Accounts Payable Date Explanation Ref. Debit No. 201 Credit Balance Apr. 1 Balance Mortgage Payable No. 275 Date Explanation Ref. Debit Credit Balance