Your instructions are to create and submit in proper format:

a. The journal entries for each transaction. Note, if the event does not represent an accounting transaction, you would enter 'NO ENTRY' next to the date of the entry.

b. T Accounts, showing the beginning balances of the ledger as of February 28. Post the March journal entries and calculate closing balances as of March 31.

c. a Trial Balance

On February 28, 2018, Star Theatre Inc.'s general ledger showed Cash $15,000; Land $85,000, Building $77.000; Equipment $20,000 Accounts Payable $12,000; Mortgage Payable $118.000; Common Shares $40,000, and Retained Earnings $27.000. During the month of March the following transactions occurred: Mar 1: Received three movies to be shown during the first 3 weeks of March. The film rontal was $27.000. Or that amount, $10,000 was paid in cash and the remainder was on account. (Hint: Star Theatre uses the account Rent Expense to record film rentals) Mar 2: Hired Brower Co. to operate concession stand, Brewer agrees to pay Star Theatre 15% of gross receipts (Brewer Co. koops the rest of the concession revenue), payable on the last day of each month for the right to operate a concession stand. (Hint: Star Theatre uses the account Concession Revenue to record concession receipts oamed) Mar 5: Ordered three additional movies, to be shown the last 10 days of March. The film rental cost will be $300 per night Mar 12: Paid balance due on the movies rented on March 1 Mar 13: Paid the accounts payable owing at the end of February Mar 15: Received $25,500 from customers for admission for the first half of the month. (Hint: Star Theatre uses the account Foos Earned to record revenue from admissions) Mar 19. Paid advertising expenses of $950. Mar 20: Received the movies ordered on March 5 and paid rental fee of $3,000 ($300 x 10 nights) Mar 23: Paid Salaries of $4,200 Mar 26: Paid $1.250 of the balance due on the mortgago, as well as $750 of interest on the mortgage Mar 28. Paid $3,000 for the monthly Income Tax instalment Mar 30: Received statement from Brewer Co., showing gross concession receipts of $16,600, and the balance due to Star Theatre of $2.490 ($16.600 x 15%) for March Brewer paid half of the balance due and will remit the romainder on April 5, Mar 31 Received $25,800 from customers for admissions for the past two weeks