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Sheridan Theatre, owned by Nadia Miller, is unique as it shows only movies that are part of a theme with sequels. As at April 30, the ledger of Sheridan Theatre showed the following: Cash $19,000, Land $73,300, Buildings $68,300, Equipment $16,700, Accounts Payable $4,990, Mortgage Payable $107,100, and N. Miller, Capital $65,210. In May, the following events and transactions occurred: May 1 2 7 10 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 $24,800. Of that amount, $9,184 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 Sheridan Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand. Paid advertising expenses, $1,890. Received $35,940 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 $29,200. Paid $14,600 cash and the balance will be paid on June 1. Paid the accounts payable owing at the end of April. Paid salaries of $4,930. Received statement from Brewer showing gross receipts from concessions of $25,800 and the balance due to Sheridan Theatre of $3,870 ($25,800 15%) for May. Brewer paid $2,400 of the balance due and will pay the rest on June 5. Received $40,700 cash from admissions. Made a $1,990 mortgage payment. Of this amount, $1,485 is a principal payment, and $505 is interest on the mortgage.

Sheridan Theatre, owned by Nadia Miller, is unique as it shows only movies that are part of a theme with sequels. As at April 30,2024, the ledger of Sheridan Theatre showed the following: Cash $19,000, Land $73,300, Buildings $68,300, Equipment $16,700, Accounts Payable $4,990, Mortgage Payable $107,100, and N. Miller, Capital $65,210. In May, the following events and transactions occurced: May 1 Rented the first four Harry Potter movies, to be shown in the first two weeks of May. The film rental was $24,800. Of that amount, \$9,184 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 Sheridan 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, $1,890. 10 Received $35,940 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 $29,200. Paid $14,600 cash and the balance will be paid on June 1. 25. Paid the accounts payable owing at the end of April. 30 Paid salaries of $4,930. 31 Received statement from Brewer showing gross receipts from concessions of $25,800 and the balance due to Sheridan Theatre of $3,870($25,80015%) for May Brewer paid $2,400 of the balance due and will pay the rest on June 5 . 31 Received $40,700 cash from admissions: 31 Made a $1.990 mortgage payment. Of this amount, $1.485 is a principal payment, and $505 is interest on the mortgage: Sheridan Theatre, owned by Nadia Miller, is unique as it shows only movies that are part of a theme with sequels. As at April 30, 2024 , the ledger of Sheridan Theatre showed the following: Cash $19,000, Land $73,300, Buildings $68,300, Equipment $16,700, Accounts Payable \$4,990, Mortgage Payable \$107,100, and N. Miller, Capital \$65,210. In May, the following events and transactions occurred: May 1 Rented the first four Harry Potter movies, to be shown in the first two weeks of May. The film rental was $24,800,0 that amount, $9.184 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 Sheridan Theatre 15% of gross concession receipts, on the last day of each month, for the right to operate the concession stand. 7 Paidadvertising expenses, $1,890. 10 Received $35.940 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 $29,200. Paid \$14,600 cash and the balance will be paid on June 1 . 25 Paid the accounts payable owing at the end of April. 30 Paid salaries of $4,930 31 Received statement from Brewer showing gross receipts from concessions of $25,800 and the balance due to Sheridan

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