The Triquel Theater Inc. was recently formed. It began operations in March 2022. The Triquel is...

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The Triquel 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 $12,000; and Common Stock $80,000. During the month of March, the following events and transactions occurred: Mar. 2 3 9 10 11 Rented the first three Star Wars movies (Star Wars, The Empire Strikes Back, and The Return of the Jedi) to be shown for the first three weeks of March. The film rental was $10,000: $2,000 was paid in cash and $8,000 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 balance 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. Lazlo agrees to pay The Triquel 15% of gross 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. Lazlo showing gross receipts from concessions of $10,000 and the balance due to The Triquel of $1,500 ($10,000 x.15) for March. Lazlo paid half the balance due for the rental of the concession stand and will remit the remainder on April 5. Received $20,000 cash from customers for admissions. 12 20 20 31 31 31 (a) Using T-accounts, enter the beginning balances to the ledger. Cash Land Buildings Equipment Accounts Payable Common Stock

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open ledger accounts and post the above journal entries to ledgers which is shown as follows:- (All amounts are in $) Cash    Date Account Title Amt. Date Account Title Amt.   Mar. 1 Balance 16,000 Mar. 2 Rent expense 2,000   Mar.9 Service revenue 9,900      Mar.20 Service revenue 8,300 Mar.10 Accounts Payable 20,000   Mar.31 Sales revenue 750 Mar.12 Advertising expense 500   Mar.31 Service revenue 20,000 Mar.20 Rent expense 5,000      Mar.31 Salaries expense 3,800      Mar.31 Balance 23650     54,950   54950      Land    Date Account Title Amt. Date Account Title Amt.   Mar.1 Balance 38,000 Mar.31 Balance 38,000    Buildings    Date Account Title Amt. Date Account Title Amt.   Mar.1 Balance 22,000 Mar.31 Balance 22,000    Equipment    Date Account Title Amt. Date Account Title Amt.   Mar.1 Balance 16,000 Mar.31 Balance 16,000    Accounts Payable    Date Account Title Amt. Date Account Title Amt.   Mar.10 Cash 20,000 Mar.1 Balance 12000      Mar.2 Rent expense 8,000   Mar.31 Balance -        20,000   20,000    Common Stock    Date Account Title Amt. Date Account Title Amt.   Mar.31 Balance 80,000 Mar.1 Balance 80,000    Rent expense    Date Account Title Amt. Date Account Title Amt.   Mar.2 Cash 2,000 Mar.31 Balance 15,000   Mar.2 Accounts Payable 8,000      Mar.20 Cash 5,000        15,000   15,000    Service revenue    Date Account Title Amt. Date Account Title Amt.   Mar.31 Balance 20,200 Mar.9 Cash 9,900      Mar.20 Cash 8,300      Mar-31 cash 2000     20,200   20,200    Advertising expense    Date Account Title Amt. Date Account Title Amt.   Mar.12 Cash 500 Mar.31 Balance 500    Salaries expense    Date Account Title Amt. Date Account Title Amt.   Mar.31 Cash 3,800 Mar.31 Balance 3,800    Accounts Receivable    Date Account Title Amt. Date Account Title Amt.   Mar.31 Sales revenue 750 Mar.31 Balance 750    Sales revenue    Date Account Title Amt. Date Account Title Amt.   Mar.31 Balance 1,500 Mar.31 Cash 750      Mar.31 Accounts Receivable 750     1,500   1,500   .

The Triquel Theater Inc. was recently formed. It began operations in March 2022. The Triquel is...

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Date	Account Title	Amt.	Date	Account Title	Amt.
Mar. 1	Balance	16,000	Mar. 2	Rent expense	2,000
Mar.9	Service revenue	9,900
Mar.20	Service revenue	8,300	Mar.10	Accounts Payable	20,000
Mar.31	Sales revenue	750	Mar.12	Advertising expense	500
Mar.31	Service revenue	20,000	Mar.20	Rent expense	5,000
			Mar.31	Salaries expense	3,800
			Mar.31	Balance	23650
		54,950			54950