At March 31, account balances after adjustments for Marley Cinema are as follows:
|
Account Balances |
|
|
Accounts |
(After Adjustment) |
|
Cash (Asset) |
RM 6,000 |
|
Concession Supplies (Asset) |
4,000 |
|
Theatre Equipment (Asset) |
50,000 |
|
Accumulated Depreciation— |
|
|
Theatre Equipment(Asset) |
12,000 |
|
Accounts Payable |
5,000 |
|
Marley, Capital (O.Equity) |
20,000 |
|
Marley, Drawing(O.Equity) |
12,000 |
|
Admission Ticket Revenues (I/S) |
60,000 |
|
Popcorn Revenues |
37,000 |
|
Candy Revenues |
19,000 |
|
Advertising Expense (I/S) |
12,000 |
|
Concession Supplies Expense (I/S) |
19,000 |
|
Depreciation Expense(I/S) |
4,000 |
|
Film Rental Expense(I/S) |
16,000 |
|
Rent Expense(I/S) |
12,000 |
|
Salaries Expense(I/S) |
13,000 |
|
Utilities Expense(I/S) |
5,000 |
Instructions
Prepare the closing journal entries for Marley Cinema.