The White Stripes Animal Encounters operates a drive through tourist attraction.

Question

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:

Other data:

Prepare the adjusting entries that were made by the White Stripes Animal Encounters on April 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

1.

2.

3.

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

Explanation / Answer

Prepare the adjusting entries that were made by the White Stripes Animal Encounters on April 30.

No. Account Titles and Explanation Debit Credit 1. Rent expense 8000     Prepaid rent expense 8000 2. Depreciation expense 600     Accumlated depreciation 600 3 Unearned ticket revenue 150     Ticket revenue (30*5) 150

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