The accounting records of Timberline Lodge are maintained on the basis of a fiscal year ending April 30. The facts listed below are to be used for making adjusting entries at April 30, 2018.

Required: Prepare the adjusting entries needed by Timberline Lodge on April 30, 2018.

A bus to carry guests to and from the airport had been rented beginning early on

April 19 from Truck Rentals, Inc., at a daily rate of $60. No rental payment has

yet been made although the bus has been used for 12 days in April.