Question 6

The King Street Zoo operates a drive-through tourist attraction in Toronto. 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	$12,000
Feed Shed	$40,000
Accumulated Depreciation Feed Shed	$6,000
Unearned Revenue	$500

Other data:

1. 4 months rent had been prepared on April 1.

2. The Feed Shed is being depreciated at $7,200 per year.

3. The unearned revenue represents tickets sold for future zoo visits. The tickets sold were at $4.00 each on April 1. During April, 25 of the tickets were used by customers

Instructions
Calculate the following:
1. monthly rent expense