Question

The Lake Theater is owned this time, the ledger showed: Ucin! ris owned by Tony Carpino. All facilities were completed on March 31. At 101 Cash $6,000 140 Land $10,000 157 Equipment $6,000 Wildings (concession stand, projection room, ticket booth, and screen) $8,000 201 Accounts Payable $2,000 275 Mortgage Payable $8,000 301 Tony Carpino, Capital $20,000. 10 11 During April, the following events and transactions occurred. Apr 2 Paid film rental of $800 on first movie. 3 Ordered two additional films at $1,000 each. Received $2,800 cash from admissions. Made $2,000 payment on mortgage and $1,000 for accounts payable due. Lake Theater contracted with R. Wynns Company to operate the concession stand. Wynns is to pay 17% of gross concession receipts (payable monthly) for the right to operate the concession stand. Paid advertising expenses $500. 20 Received one of the films ordered on April 3 and was billed $1,000. The film will be shown in April. 25 Received $5,200 cash from admissions. 29 Paid salaries $2,000. 30 Received statement from R.Wynns showing gross concession receipts of $1,000 and the balance due to The Lake Theater of $170 ($1,000 x 17%) for April. Wynns paid one-half of the balance due and will remit the remainder on May 5. 30 Prepaid $900 rental on special film to be run in May. In addition to the accounts identified above, the chart of accounts shows: 112 Accounts Receivable 136 Prepaid Rentals 405 Admission Revenue 406 Concession Revenue 610 Advertising Expense 632 Film Rental Expense 726 Salaries Expense. Instructions: 1 Add the April 1 balances in the accounts. Use av in the posting reference column. 2 Journalize the April transactions in the general journal. 3 Post to the accounts. 4 Prepare the April 30 trial balance. Check Figure: Trial balance totals are $36,170.

I only need help with the journal entries and trial balance

Answer 1

Journal Entries:
Date	Account Titles and Explanation	Debit	Credit
Apr. 2	Rent Expense	$800
	Cash		$800
	(To record the payment of rent expense by cash)
Apr. 3	No entry is prepared for ordering films
Apr. 9	Cash	$2,800
	Admission Revenue		$2,800
	(To record the receipt of admission revenue)
Apr. 10	Mortgage Payable	$1,000
	Accounts Payable	$1,000
	Cash		$2,000
	(To record the payment for mortgage and settlement for accounts payable)
Apr. 11	No entry is prepared for entering into contract
Apr. 12	Advertising Expense	$500
	Cash		$500
	(To record the payment of advertising expense by cash)
Apr. 20	Film rental expense	$1,000
	Cash		$1,000
	(To record the payment of film rental expense)
Apr. 25	Cash	$5,200
	Admission Revenue		$5,200
	(To record the receipt of admission revenue)
Apr. 29	Salaries Expense	$2,000
	Cash		$2,000
	(To record the payment of salaries by cash)
Apr. 30	Cash	$170
	Accounts Receivable		$170
	(To record the receipt of cash from accounts receivable)
Apr. 30	Concession Revenue	$170
	Advance Received		$170
	(To record the concession revenue received)
Apr. 30	Prepaid Expense	$900
	Cash		$900
	(To record the prepaid expenses)

Trial Balance
Particulars		Debit	Credit
Cash (see note)		$6,970
Land		$10,000
Buildings		$8,000
Equipment		$6,000
Accounts Payable ($2,000 - $1,000)			$1,000
Mortgage Payable ($8,000 - $1,000)			$7,000
Tony Carpino, Capital			$20,000
Advance receipt			$170
Admission Revenue ($5,200 + $2,800)			$8,000
Advertising Expense		$500
Film rental expense		$1,000
Rent Expense		$800
Salaries Expense		$2,000
Prepaid Expense		$900
Total		$36,170	$36,170

Note:
Cash - Opening balance	$6,000
Less: Apri. 2	($800)
Add: Apri. 9	$2,800
Less: Apr. 10	($2,000)
Less: Apr. 12	($500)
Less: Apr. 20	($1,000)
Add: Apri. 25	$5,200
Less: Apri. 29	($2,000)
Add: Apri. 30	$170
Less: Apri. 30	($900)
Cash - Closing balance	$6,970