CALCULATOR CALCULATOR FULL SCREEN PRINTER VERSION BACK Problem 3-8A The Triquel Theater Inc. was recently formed It began operations in March 2017. The Triquel is unique in that it will show only triple features of sequential theme movies. On March ledger of The Triquel showed Cash $20,300; Land Accounts uildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $16,000; Payable $16,300; and Common Stock $84,300. uring the month of March, the following events and transactions occurred: Mar. 2 Rented the first three star Wars movies (Star Wars The Empire Strikes Back, and The Return Jedi) to be of the shown for the first three weeks of March. The film rental was $9,200; $1,900 was paid cash and $7,300 will be paid on March 10. in 3 ordered the first three Star Trek movies to be shown the last 10 days of March. It will cost s500 per night. 9 Received $10,300 cash from admissions. 10 Paid balance due on movies' rental and $2,900 on March 1 accounts payable. 11 The Triduel 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. 12 Paid advertising expenses $600. 20 Received $8,100 cash from customers for admissions. 20 Received the Star Trek movies and paid rental fee of $4,000. 31 Paid salaries of $3,700. 31 Received statement from R. Lazlo showing gross receipts from concessions of $11,000 and the balance due to The Triquel of $1,650 ($11,000 x .15) for March. Lazlo paid half the balance due and will remit the remainder on April 5. 31 Received $20,400 cash from customers for admissions