Question: Using the information provided here, prepare general journal entries to record the following transactions. March Accounting Transaction 1 Marina invested in a neighborhood movie house.
Using the information provided here, prepare general journal entries to record the following transactions. March Accounting Transaction 1 Marina invested in a neighborhood movie house. Land, $100,000; building, $400,000; and equipment, $50,000; totaling $550,000. 2 Rental expense for the movies shown for the month, $6,000 on account. 5 Ticket sales for the month, $22,000 cash. 8 Wages paid for the month, $11,000. 12 Purchased a new popcorn machine, $3,300 on account. 17 Paid monthly fee to maintenance company, $2,700. 23 Rented the theater to an organization for a night. Billed them $2,300. 30 Paid $600 on the amount owed for the new popcorn machine
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