1. You own a zoo in Istanbul. Regular visitors of the zoo pay in advace. Advance payments are credited to an account entitled Unearned Admissions Revenue. Most guests pay at the entrance and the amounts collected are credited to Admissions Revenue. The following information is available as a source for preparing the adjusting entries at December 31, 2020 (only for the month of December). Bear in mind that adjusting entreis have already been made for the first 11 months of 2020, but not for December.

USE ONLY the following account names. Please Do not make up your account names

Accounts Payable Concessions Revenue Receivable Interest Payable

Accounts Receivable Prepaid Advertising Painting Expense

Accumulated Depreciation Depreciation Expense Rent Expense

Admissions Revenue Prepaid Rent Unexpired Insurance

Advertising Expense Income Taxes Expense Animal Food Supplies Animal Food Supplies Expense Income Taxes Payable Salaries Expense Concessions Revenue Salaries Payable Unearned Admissions Revenue

Insurance Expense Interest Expense Water Expense

Bus Rental Expense

1. Accrued but unrecorded admissions revenue earned as of December 31, 2020 amount to $400. Show calculations where necessary. (7 points)

Calculations:

Date	Debit		Credit	Db	Cr

2. A painter came and painted the zoo on the 3rd of December, 2020. The zoo will pay the painter on the 15th of January, 2021. Show calculations where necessary. (7 points)

Calculations:

Date	Debit		Credit	Db	Cr

3. Records show that $750 of cash receipts originally recorced as unearned admissions revenue had been earned as of December 31. Show calculations where necessary. (7 points)

Calculations:

Date	Debit		Credit	Db	Cr