Question: Please make a general ledger using the above information: A partial example of the ledger: Cash No. 101 Date Explanation Ref Debit Credit Balance Mar.

 Please make a general ledger using the above information: A partial

Please make a general ledger using the above information:

A partial example of the ledger:

Cash

No. 101

Date

Explanation

Ref

Debit

Credit

Balance

Mar. 1

Balance

Accounts Receivable

No. 112

Date

Explanation

Ref

Debit

Credit

Balance

Mar. 1

Balance

Land

No. 140

Date

Explanation

Ref

Debit

Credit

Balance

Mar. 1

Balance

Buildings

No. 145

Date

Explanation

Ref

Debit

Credit

Balance

Mar. 1

Balance

The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: Cash $3,150, Land $23,000, Buildings (concession stand, projection room, ticket booth, and screen) $11,000, Equipment $11,000, Accounts Payable $6,700, and Owner's Capital $41,450. During the month of March, the following events and transactions occurred. Mar. 2 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,400; $1,400 was paid in cash and $2,000 will be paid on March 10. 3 Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $160 per night. 9 Received $4,200 cash from admissions. 10 Paid balance due on Indiana Jones movies rental and $1,700 on March 1 accounts payable. 11 Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand. 12 Paid advertising expenses $800. 20 Received $5,300 cash from customers for admissions. 20 Received the Lord of the Rings movies and paid the rental fee of $1,600. 31 Paid salaries of $2,600. 31 Received statement from Adam Ladd showing gross receipts from concessions of $5,000 and the balance due to Starr Theater of 5750 ($5,000 x 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5. 31 Received $9,800 cash from customers for admissions

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