Current Attempt in Progress Wildhorse Theatre, owned by Nadia Anderson, is unique as it shows only movies that are part of a theme with sequels. As at April 30, 2024, the ledger of Wildhorse Theatre showed the following: Cash $19,400, Land $75,100, Buildings $67,800, Equipment $15,400, Accounts Payable $5,890, Mortgage Payable $105,300, and N. Anderson, Capital $66,510. In May, the following events and transactions occurred: May 1 2 10 7 10 15 25 30 31 31 31 !! Rented the first four Harry Potter movies, to be shown in the first two weeks of May. The film rental was $24,300. Of that amount, $10,384 was paid in cash and the balance will be paid on May 10. Hired M. Brewer to operate the concession stand. Brewer agreed to pay Wildhorse Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand. Paid advertising expenses, $1,990. Received $35,640 cash from customers for admissions. Paid the balance due from the May 1 movie rental transaction. Received the final four Harry Potter movies to be shown in the last two weeks of May. The film rental cost was $29,400. Paid $14,700 cash and the balance will be paid on June 1. Paid the accounts payable owing at the end of April. Paid salaries of $7,130. Received statement from Brewer showing gross receipts from concessions of $28,200 and the balance due to Wildhorse Theatre of $4,230 ($28,200 x 15%) for May. Brewer paid $2,200 of the balance due and will pay the rest on June 5. Received $40,100 cash from admissions. Made a $2,090 mortgage payment. Of this amount, $1,185 is a principal payment, and $905 is interest on the mortgage. In addition to the accounts identified above, Wildhorse Theatre's ledger includes the following: Accounts Receivable; Admission Revenue; Concession Revenue; Advertising Expense; Film Rental Expense; Interest Expense; and Salaries Expense.
pooblem Ust alf detit entries before crest antries] Question 1 of 3 \& (To recotd concession revenue) (To record admission revenue) (To record mortgage payment) eTextbook and Media Sonefor Later Attempts: 0 of 15 used Wilchorse Theatre, owned by Nadia Anderson, is unique as it shows only movies that are part of a theme with sequels. As at April 30 , 2024 , the ledger of Wildhorse Theatre showed the following: Cash $19,400, Land $75,100, Buildings $67,800, Equipment $15,400, Accounts Payable \$5,890, Mortgage Payable \$105,300, and N. Anderson, Capital \$66,510. In May, the following events and transactions occurred: May 1 Rented the first four Horry Potter movies, to be shown in the first two weeks of May. The film rental was $24,300,0 that amount, $10,384 was paid in cash and the balance will be paid on May 10. 2. Hired M. Brewer to operate the concession stand. Brewer agreed to pay Wildhorse Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand. 7 Paid advertising expenses, $1,990. 10 Received $35,640 cash from customers for admissions. 10 Paid the balance due from the May 1 movie rental transaction. 15 Received the final four Harry Potter movies to be shown in the last two weeks of May. The film rental cost was $29,400 Paid $14,700 cash and the balance will be paid on June 1. 25 Paid the accounts payable owing at the end of Aprit. 30 Paid salaries of $7,130. 31 Received statement from Brewer showing gross receipts from concessions of $28,200 and the balance due to Wildhorse Theatre of $,.230($28,20015%) for May. Brewer paid $2,200 of the balance due and will pay the rest on June 5 . 31. Received $40,100 cash from admissions. 31 Made a $2,090 mortyage payment. Of this amount, $1,185 is a principal payment, and $905 is interest on the mortgage: In addition to the accounts identified above. Wildhorse Theatre's ledger includes the following Accounts Receivable; Admission Revenue; Concession Revenue; Advertising Expense; Film Rental Expense; Interest Expense; and Salaries Expense 
