Exercise 242 (Part Level Submission)

The White Stripes Animal Encounters operates a drive through tourist attraction. The company adjusts its accounts at the end of each month. The selected accounts appearing below reflect balances after adjusting entries were prepared on April 30. The adjusted trial balance shows the following:

Prepaid Rent		$16,000
Buildings		30,000
Accumulated DepreciationBuildings		6,600
Unearned Ticket Revenue		600

Other data:

1.		Three months rent had been prepaid on April 1.
2.		The buildings are being depreciated at $7,200 per year.
3.		The unearned ticket revenue represents tickets sold for future visits. The tickets were sold at $5.00 each on April 1. During April, thirty of the tickets were used by customers.

(a)

	Your answer is partially correct. Try again.

Calculate the following:

1.		Monthly rent expense.		$
2.		The age of the buildings in months.			months
3.		The number of tickets sold on April 1.			tickets