Answer:
Debit Rental expense $18,240 Credit Prepaid Rent expense $18,240
Debit depreciation$840 Credit Accumulated depreciation on Building $840
Debit depreciation $720 Credit Accumulated depreciation on fixtures and equipment $720
Debit Interest expense $1,800 Credit Accrued interest payable $1,800
Debit Unearned admission Revenue $600 Credit Revenue $600
Debit Accounts Receivable $2,700 Credit Concession Revenue $2,700
Debit Salaries expense $2,040, Credit Salaries Payable $2,040
Debit Income tax Expense $5,040 Credit Current Tax Payable $5,040
Debit Utility expense $12,600 Credit Utility bills $12,600
Explanation:
Depreciation : Building = 201,600/240 = $840
