Winner Launch 3 Question 7 of 7 0.13/1 The Triguel Theater Inc. was recently formed. It began operations in March 2022. The Triquel is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Triquel showed Cash $ 16,000, Land $38.000: Buildings (concession stand, projection room, ticket booth and screen) $ 22,000, Equipment $ 16,000. Accounts Payable 5 12.000; and Common Stock $ 80.000. During the month of March, the following events and transactions occurred: Mar2 3 9 10 11 12 Rented the first three Star Wars movies (Star Wars: The Empire Strikes Back, and The Return of the Jed to be shown for the first three weeks of March. The film rental was $10.000: $2,000 was paid in cash and 58,000 will be paid on March 10 Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $500 per night Received $9.900 cash from admissions Paid batarice due on Star Wars movies rental and $2,900 on March 1 accounts payable The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazio agrees to pay The Triquel 15% of Frost receipts payable monthly, for the rental of the concession stand. Paid advertising expenses $ 500 Received $8.300 cash from customers for admissions Received the Star Trek movies and paid rental fee of $5,000 Paid salaries of $3,800 Received statement from R. Larlo showing gross receipts from concessions of S 10.000 and the balance due to the Triguel of $ 1.500 (10.000 x 15) for March Larlo paid half the balance due for the rental of the concession stand and will remit the remainder on April Received $ 20.000 cash from customers for admissions 20 20 31 31 31 MacBook Pro a 2 3 % 5 4 6 7 + 0 9 0 Il W E R T Y C 1 O P S D F G H J L C > B N M Your answer is partially correct Using T-accounts, enter the beginning balances to the ledger Cash 3/1 Bal 16.000 3/1 Bal.: 16000 Land 3/1 Bal 38.000 3/1 Bal. 38,000 Buildings 3/1 Bal. 22.000 3/1 Bal. 22.000 Equipment 3/1 Bal 16.000 3/1 Bal : 16,000 Accounts Payable 3/1 Bal 3/1 Bal. 12,000 12000 Common Stock 3/1 Bal. 80,000 3/1 Bal 80,000 MacBook Pro Q LEA 2 %23 # 3 $ 4 % 5 0) > & 7 8 9 W E R T Y U Winner Launch 3 Question 7 of 7 0.13/1 The Triguel Theater Inc. was recently formed. It began operations in March 2022. The Triquel is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Triquel showed Cash $ 16,000, Land $38.000: Buildings (concession stand, projection room, ticket booth and screen) $ 22,000, Equipment $ 16,000. Accounts Payable 5 12.000; and Common Stock $ 80.000. During the month of March, the following events and transactions occurred: Mar2 3 9 10 11 12 Rented the first three Star Wars movies (Star Wars: The Empire Strikes Back, and The Return of the Jed to be shown for the first three weeks of March. The film rental was $10.000: $2,000 was paid in cash and 58,000 will be paid on March 10 Ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost $500 per night Received $9.900 cash from admissions Paid batarice due on Star Wars movies rental and $2,900 on March 1 accounts payable The Triquel Theater contracted with R. Lazlo to operate the concession stand. Lazio agrees to pay The Triquel 15% of Frost receipts payable monthly, for the rental of the concession stand. Paid advertising expenses $ 500 Received $8.300 cash from customers for admissions Received the Star Trek movies and paid rental fee of $5,000 Paid salaries of $3,800 Received statement from R. Larlo showing gross receipts from concessions of S 10.000 and the balance due to the Triguel of $ 1.500 (10.000 x 15) for March Larlo paid half the balance due for the rental of the concession stand and will remit the remainder on April Received $ 20.000 cash from customers for admissions 20 20 31 31 31 MacBook Pro a 2 3 % 5 4 6 7 + 0 9 0 Il W E R T Y C 1 O P S D F G H J L C > B N M Your answer is partially correct Using T-accounts, enter the beginning balances to the ledger Cash 3/1 Bal 16.000 3/1 Bal.: 16000 Land 3/1 Bal 38.000 3/1 Bal. 38,000 Buildings 3/1 Bal. 22.000 3/1 Bal. 22.000 Equipment 3/1 Bal 16.000 3/1 Bal : 16,000 Accounts Payable 3/1 Bal 3/1 Bal. 12,000 12000 Common Stock 3/1 Bal. 80,000 3/1 Bal 80,000 MacBook Pro Q LEA 2 %23 # 3 $ 4 % 5 0) > & 7 8 9 W E R T Y U
