The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: Cash $3,150, Land $23,000, Buildings (concession stand, projection room, ticket booth, and screen) $11,000, Equipment $11,000, Accounts Payable $6,700, and Owner’s Capital $41,450. During the month of March, the following events and transactions occurred.