The Windsor, Inc. opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7530, No. 140 Land $10,470, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,470, No. 157 Equipment $7,530, No. 201 Accounts Payable $3,530, No. 275 Mortgage Payable $8,470, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. te- Apr.2 Paid film rental of $1,240 on first movie se Ordered two additional films at $1,750 each. 3 Received $2,140 cash from admissions. 9 Made $2,270 payment on mortgage and $1,430 for accounts payable due. Windsor, Inc. contracted with Dever Company to operate the concession stand. Dever is to pay 16 % of gross concession receipts (payable monthly) for the rental of the concession stand. 10 11 12 Paid advertising expenses $390. Received one of the films ordered on April 3 and was billed $1,750. The film will be shown in April. Received $6,300 cash from admissions. 20 25 Paid salaries $2,500. 29 30 Received statement from Dever showing gross concession receipts of $1,700 and the balance due to April. Dever paid one-half of the balance due and will remit the remainder on May 5 30 Prepaid $740 rental on special film to be run in May The Windsor, Inc. of $272 ($1,700x 16 %) for 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 No. 101 Balance Date Explanation Ref. Debit Credit Apr. 1 Balance Land No. 140 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Enter the beginning balances in the ledger as of April 1 Cash Date Explanation Ref. No. 101 Debit Credit Balance Apr. 1 Balance Land No. 140 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance V Buildings No.145 Date Explanation Ref. Debit Credit Balance V Apr. 1 Balance Equipment No. 157 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Accounts Payable Date Explanation Ref. No. 201 Debit Credit Balance Apr. 1 Balance V Mortgage Payable No. 275 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Common Stock No.311 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Journalize the April transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 10 Post the April journal entries to the ledger. (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref. Debit Credit Balance V Apr. 1 Balance 7,530 J1 J1 J1 J1 J1 J1 J1 11 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance J1 Prepaid Rent No. 136 Balance Explanation Ref. Date Debit Credit J1 Land No. 140 Date Explanation Ref. Debit Credit Balance Balance Apr. 1 10,470 Buildings No. 145 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance 6,470 Equipment No. 157 Balance Date Explanation Ref. Debit Credit Accounts Payable No. 201 Explanation Date Ref. Debit Credit Balance Apr. 1 Balance 3,530 J1 J1 Mortgage Payable Explanation No. 275 Date Ref. Debit Credit Balance Apr. 1 Balance 8,470 J1 Common Stock No. 311 Date Explanation Ref. Debit Balance Credit Apr. 1 Service Revenue Balance V 20,000 No.400 Date Explanation Ref. Debit Balance Credit J1 J1 Rent Revenue No. 429 Explanation Ref. Debit Credit Date Balance J1 Advertising Expense No. 610 Date Explanation Ref. Debit Credit Balance J1 No.726 Salaries and Wages Expense Explanation Ref. Balance Debit Credit Date J1 Rent Expense No. 729 Balance Debit Ref. Credit Exnlanation Date Windsor, Inc. Trial balance Debit Credit $ Totals The Windsor, Inc. opened on April 1. All facilities were completed on March 31. At this time, the ledger showed No. 101 Cash $7530, No. 140 Land $10,470, No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $6,470, No. 157 Equipment $7,530, No. 201 Accounts Payable $3,530, No. 275 Mortgage Payable $8,470, and No. 311 Common Stock $20,000. During April, the following events and transactions occurred. te- Apr.2 Paid film rental of $1,240 on first movie se Ordered two additional films at $1,750 each. 3 Received $2,140 cash from admissions. 9 Made $2,270 payment on mortgage and $1,430 for accounts payable due. Windsor, Inc. contracted with Dever Company to operate the concession stand. Dever is to pay 16 % of gross concession receipts (payable monthly) for the rental of the concession stand. 10 11 12 Paid advertising expenses $390. Received one of the films ordered on April 3 and was billed $1,750. The film will be shown in April. Received $6,300 cash from admissions. 20 25 Paid salaries $2,500. 29 30 Received statement from Dever showing gross concession receipts of $1,700 and the balance due to April. Dever paid one-half of the balance due and will remit the remainder on May 5 30 Prepaid $740 rental on special film to be run in May The Windsor, Inc. of $272 ($1,700x 16 %) for 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 No. 101 Balance Date Explanation Ref. Debit Credit Apr. 1 Balance Land No. 140 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Enter the beginning balances in the ledger as of April 1 Cash Date Explanation Ref. No. 101 Debit Credit Balance Apr. 1 Balance Land No. 140 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance V Buildings No.145 Date Explanation Ref. Debit Credit Balance V Apr. 1 Balance Equipment No. 157 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Accounts Payable Date Explanation Ref. No. 201 Debit Credit Balance Apr. 1 Balance V Mortgage Payable No. 275 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Common Stock No.311 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance Journalize the April transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit Date Account Titles and Explanation Apr. 10 Post the April journal entries to the ledger. (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref. Debit Credit Balance V Apr. 1 Balance 7,530 J1 J1 J1 J1 J1 J1 J1 11 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance J1 Prepaid Rent No. 136 Balance Explanation Ref. Date Debit Credit J1 Land No. 140 Date Explanation Ref. Debit Credit Balance Balance Apr. 1 10,470 Buildings No. 145 Date Explanation Ref. Debit Credit Balance Apr. 1 Balance 6,470 Equipment No. 157 Balance Date Explanation Ref. Debit Credit Accounts Payable No. 201 Explanation Date Ref. Debit Credit Balance Apr. 1 Balance 3,530 J1 J1 Mortgage Payable Explanation No. 275 Date Ref. Debit Credit Balance Apr. 1 Balance 8,470 J1 Common Stock No. 311 Date Explanation Ref. Debit Balance Credit Apr. 1 Service Revenue Balance V 20,000 No.400 Date Explanation Ref. Debit Balance Credit J1 J1 Rent Revenue No. 429 Explanation Ref. Debit Credit Date Balance J1 Advertising Expense No. 610 Date Explanation Ref. Debit Credit Balance J1 No.726 Salaries and Wages Expense Explanation Ref. Balance Debit Credit Date J1 Rent Expense No. 729 Balance Debit Ref. Credit Exnlanation Date Windsor, Inc. Trial balance Debit Credit $ Totals