Adventure Elements provides outdoor activities including ropes courses rock climbing and zip lining. The company offers a unique experience for teambuilding activities, camps for youth, and anyone seeking outdoor adventure

The following is trial balance for the year and March 31, 2020

The following is additional information has not been included in the trial balance

use straight line method for depreciating

equipment

prepare the missing adjustment entries for transactions a-d

Prepare an adjusted trial balance

Based on your adjusted trial balance, prepare the closing entries, Journalize the closing entries.

No. 201 103 168 300 301 101 194 167 633 623 141 250 610 402 126 637 652 203 688 612 Account Accounts payable and accrued liabilities Accounts receivable Accumulated depreciation, equipment Becky Brenner, capital Becky Brenner, withdrawals Cash Copyright Equipment Insurance expense Interest expense Notes receivable, due January 1, 2023 Long-term notes payable Rent expense Revenues Supplies Supplies expense Telephone expense Unearned revenues Utilities expense Wages expense Total Debit Credit $ 3,350 $ 6,100 10,250 40,800 35,600 11,350 8,250 39,400 2,570 615 15,500 23,500 10,400 89,090 455 2,120 2,780 11,000 2,750 29.600 $177,999 $177.990 a. On April 2. you received the telephone bill for the month of March for 5675 b. On March 31. Adventure Element took a university student club zip-lining. An invoice had been sent to the student club for $3,350 due April 30 c. On March 31, the company held a teen's camp for $1,790. All tickets had been prepaid two weeks in advance d. The equipment has an estimated useful life of 20 years. Journal entry worksheet Record the accrual of telephone expense. Note: Enter debits before credits. General Journal Date Mar 31, 2020 Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record accrued revenues. Note: Enter debits before credits Date Mar 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet