Chapter 2 & 3 ... Problems: Set B P2-5B The Hart Theater, owned by Paul Hart, will begin operations in March. The Hart will be unique in that it will show only triple features of sequential theme movies. As of MAR 1, the ledger of Hart showed: Cash $8,000 Land $22,000; Buildings (concession stand, projection room, ticket booth, and screen) $10,000; Equipment $8,000; Accts Pyble $6,000; Common Stock $42,000. In addition to the accounts identified above, the chart of accounts includes: Service Revenue Rent Revenue; Advertising Expense; Rent Expense; Salaries & Wages Expense. Instructions Note: These instructions are different than those of Problem 1-5A. The beginning balances in the ledgers are posted for you (in blue). All of the other transactions have also already been posted to the ledger (in black). a) Using the completed (already posted) ledger below, create the journal entries that would have resulted in these ledger postings (Note: the blue balance amounts existed before MAR and will NOT be included in any of your transactions). HINT: DATES of each entry are on the journal entry page to "hep ya out". (FYI: you have 3 separate entries dated the 31et). Debit Credit Cash Date Mar. 1 2 Explanation Balance Film Rental Expense 3,500 4,000 1,000 3,400 450 Balance 8,000 7,000 11,000 7,600 7,150 12.550 9,950 7,450 7,825 16,825 5,400 2,600 2,500 375 9,000 VUUTISOSTUVIE Date Explanation Credit Mar. 31 Debit T375 Balance 375 20 2,600 1 1 6.100 Land Date Mar. 1 Debit Credit Explanation Balance Balance 22,000 Homework Working Papers Buildings Explanation Mar. 1 Balance Debit Credit 006 10.000 a) ... Use the info in the ledger above to prepare journal entries (NO Explanations ...just account name and debit and credit amounts) Account Titles Debit Credit Equipment Explanation Mar. 1 Balance Date creat Balance 8,000 Bakers000 Accounts Payable Explanation Mar 1 Balance Dacit Credit redit Biance 6.000 2.500 3.400 8.500 5.100 Common Stock Date Explanation Mar1 Balance Debit Credit Balance 42,000 Debit Service Revenue Explanation Mar.9 20 Credit 4,000 5.400 9,000 Elence 4,000 9,400 18.400 Rent Revenue Date Explanation Mar 31 Debit Credit Balance 1750750 Advertising Expense Explanation Mar. 12 Date Credit Debit 450 Balance 450 Salaries & Wages Expense Toate Explanation Mar. 31 Ch03 Prob (below) is part of this weeks "Bob - HW" too. Rent Expense Data Explanation Mar 21 Credit Debit 3,500 3,500