The Lake Theater is owned by Tony Carpino. All facilities were completed on March 31. At this time, the ledger showed: nary(prenominal) 101 notes $6,000; No. 140 Land $10,000; No. 145 Buildings ( assignment stand, labor room, rag booth, and screen) $8,000; No. 157 Equipment $6,000; No. 201 Accounts account collectable $2,000; No. 275 owe Payable $8,000; and No. 301 Tony Carpino, Capital $20,000. During April, the following events and transactions occurred. |Apr. |2 |Â | gainful film rental of $800 on first movie. | |Â |3 |Â | legitimate two additional films at $1,000 each. | |Â |9 |Â | real $2,800 bullion from admissions. | |Â |10 |Â |Made $2,000 payment on mortgage and $1,000 for accounts payable due. | |Â |11 |Â |Lake Theater contracted with R. Wynns Company to charter the concession stand. Wynns is to pay 17% of gross concession gross | | | | |(payable monthly) for the skillful to operate the concession stand. | |Â |12 |Â |Paid advertising expenses $500.
| |Â |20 |Â | standard one of the films ordered on April 3 and was calculate $1,000. The film will be shown in April. | |Â |25 |Â |Received $5,200 cash from admissions. | |Â |29 |Â |Paid salaries $2,000. |...If you want to tick a full essay, order it on our website:
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