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Adventure Elements provides oundoor activities including ropes courses, rock climbing, and zip-lining. The company otters o unique experience for team bulding activities, camps for youth,

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Adventure Elements provides oundoor activities including ropes courses, rock climbing, and zip-lining. The company otters o unique experience for team bulding activities, camps for youth, and anyone seeking outdoor adventure The following is trial balance for the year ended March 31, 2023 The following is additional information that has not been included in the trial balance. The following is additional information that has not been included in the trial bolonce. a. On Aprit 2 you recelved the telephone bill for the month of March for $670. b. On March 31, Adventure Element took a university student club zip-lining. An invoice had been sent to the student club far $2250 due April 30. c. On March 31, the company held a teen's camp for $1,570. All tickets had been prepaid two weeks in advance d. The equipment has an estimated useful ife of 20 years Use straight-line method for depreciating Equipment: Required: 1. Prepare the missing adjusting entres for trensactions o-d. 3. Based on your adjusted trial balance, prepare the closing entries Journalize the closing entries. View transaction list 1 Record closing of revenue to the income summary. Record the dosing of expense accounts to income summary. Record the dosing of income summary to capital. Record the dosing withdrawals to capital. Note : O = journal entry has been entered

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