The Moose Zoo operates a drive through tourist attraction in Manitoba. 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:
1. Three months' rent had been prepaid on April 1.
2. The fencing is being depreciated over a five year period.
3. The unearned ticket revenue represents tickets sold for future zoo visits. The tickets were sold at $4.00 each on April 1. During April, twenty-five of the tickets were used by customers.
Instructions
a. Calculate the following:
1. Monthly rent expense.
2. The age of the fencing in months.
3. The number of tickets sold on April 1.
b. Prepare the adjusting entries that were made by the Moose Zoo on April 30.

Question

The Moose Zoo operates a drive through tourist attraction in Manitoba. 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:
1. Three months' rent had been prepaid on April 1.
2. The fencing is being depreciated over a five year period.
3. The unearned ticket revenue represents tickets sold for future zoo visits. The tickets were sold at $4.00 each on April 1. During April, twenty-five of the tickets were used by customers.
Instructions
a. Calculate the following:
1. Monthly rent expense.
2. The age of the fencing in months.
3. The number of tickets sold on April 1.
b. Prepare the adjusting entries that were made by the Moose Zoo on April 30.

Quizplus · Accepted Answer

The Answer of The Moose Zoo operates a drive through tourist attraction in Manitoba. 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:
1. Three months' rent had been prepaid on April 1.
2. The fencing is being depreciated over a five year period.
3. The unearned ticket revenue represents tickets sold for future zoo visits. The tickets were sold at $4.00 each on April 1. During April, twenty-five of the tickets were used by customers.
Instructions
a. Calculate the following:
1. Monthly rent expense.
2. The age of the fencing in months.
3. The number of tickets sold on April 1.
b. Prepare the adjusting entries that were made by the Moose Zoo on April 30.

The Moose Zoo Operates a Drive Through Tourist Attraction in Manitoba