Current Attempt in Progress

The Tamarisk Theater opened on April $1.$ All facilities were completed on March $31.$ At this time, the ledger showed No$.101$ Cash

$$7,930,$ No$.140$ Land $$10,070,$ No$.145$ Buildings $($concession stand, projection room, ticket booth, and screen$)$ $$6,070,$ No$.157$

Equipment $$7,930,$ No$.201$ Accounts Payable $$3,930,$ No$.275$ Mortgage Payable $$8,070,$ and No$.311$ Common Stock $$20,000.$

During April, the following events and transactions occurred.

Apr. $2$ Paid film rental of $$1,000$ on first movie.

$3$ Ordered two additional films at $$1,200$ each.

$9$ Received $$2,630$ cash from admissions.

$10$ Made $$2,050$ payment on mortgage and $$1,370$ for accounts payable due.

$11$ Tamarisk Theater contracted with Dever Company to operate the concession stand. Dever is to pay $18\%$ of gross

concession receipts $($payable monthly$)$ for the rental of the concession stand.

$12$ Paid advertising expenses $$330.$

$20$ Received one of the films ordered on April $3$ and was billed $$1,200.$ The film will be shown in April.

$25$ Received $$5,500$ cash from admissions.

$29$ Paid salaries $$1,600.$

$30$ Received statement from Dever showing gross concession receipts of $$1,300$ and the balance due to the Tamarisk

Theater of $$234($$$1,30018\%)$ for April. Dever paid one$-$half of the balance due and will remit the remainder on May $5.$

$30$ Prepaid $$960$ rental on special film to be run in May.

In addition to the accounts identified above, the chart of accounts shows No$.112$ Accounts Receivable, No$.136$ Prepaid Rent, No$.400$

Service Revenue, No$.429$ Rent Revenue, No$.610$ Advertising Expense, No$.726$ Salaries and Wages Expense, and No$.729$ Rent

Expense.Journalize the April transactions. Tamarisk Theater records admission revenue as service revenue, rental of the concession stand

as rent revenue, and film rental expense as rent expense. $($Credit account titles are automatically indented when the amount is

entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for

the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Account Titles and Explanation

Debit

Credit

Apr. $10$

Apr. $30$

$($Received cash and balance on account for concession revenue$)$

$($Paid cash for future film rentals$)$