Assignment for Chapter 2

Assignment for Chapter 2 - ACCT 2111 Introductory Financial...

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ACCT 2111 Introductory Financial Accounting Assignment for Chapter 2 The Zeus Theater, owned by Artemis Zeus, will begin operations in March. The Zeus will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Zeus showed: No. 101 Cash $48,000; No. 140 Land $126,000; No. 145 Buildings (concession stand, projection room, ticket booth, and screen) $54,000; No. 157 Equipment $48,000; No. 201 Accounts Payable $36,000; and No. 311 Common Stock $240,000. During the month of March the following events and transactions occurred. Mar. 2 Rented the three Uranus movies (Poseidon's Stone, Cronus of Secrets and Prisoner of Athena) to be shown for the first 3 weeks of March. The film rental was $18,000; $9,000 was paid in cash and $9,000 will be paid on March 10. 3 Ordered the first three Eros movies to be shown the last 10 days of March. It will cost $900 per night. 9
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Assignment for Chapter 2 - ACCT 2111 Introductory Financial...

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