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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
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 $32,000 Buildings 60.000 Accumulated Depreciation-Buildings 13,200 Unearned Ticket Revenue 1,200 Other data: 1. Three months' rent had been prepaid on April 1 2. The buildings are being depreciated at $14,400 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, sixty of the tickets were used by customers Required: Prepare the adjusting entries that were made by the White Stripes Animal Encounters on April 30
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