Accounting

The Lake Theater is owned by Tony Carpino. All facilities were completed on March 31. At this time, the daybook showed: no. 101 notes $6,000; no 140 Land $10,000; No. 145 Buildings ( yielding stand, labor room, shred booth, and screen) $8,000; No. 157 Equipment $6,000; No. 201 Accounts due $2,000; No. 275 owe collectable $8,000; and No. 301 Tony Carpino, Capital $20,000. During April, the undermentioned events and transactions occurred. |Apr. |2 |  |paying film rental of $800 on first movie. | |  |3 |  | reproducible two additional films at $1,000 each. | |  |9 |  | real $2,800 funds from admissions. | |  |10 |  |Made $2,000 requital on mortgage and $1,000 for accounts collectible due. | |  |11 |  |Lake Theater promise with R. Wynns Company to charter the concession stand. Wynns is to pay 17% of gross(a) concession gross | | | | |(payable monthly) for the flop to operate the concession stand. | |  |12 |  | pay advertising expenses $500.

| |  |20 |  | reliable one of the films tell on April 3 and was charge $1,000. The film will be shown in April. | |  |25 |  |Received $5,200 cash from admissions. | |  |29 |  |Paid salaries $2,000. |...If you want to tick a full essay, order it on our website: Orderessay

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