Adventure Elements provides outdoor activities including ropes courses, rock climbing, and zip-lining. The company offers a unique experience for team building activities, camps for youth, and anyone seeking outdoor adventure. The following is trial balance for the year ended March 31, 2020. No. Account Debit 201 Accounts payable and accrued liabilities Credit $ 3,200 103 Accounts receivable $ 8,150 168 Accumulated depreciation, equipment 10,200 300 Becky Brenner, capital 41,750 301 Becky Brenner, withdrawals 38,500 101 Cash 12,650 1941 Copyright 8,050 167 Equipment 39,200 633 Insurance expense 2,170 623 Interest expense 325 141 Notes receivable, due January 1, 2023- 14,300 250 Long-term notes payable 19,300 610 Rent expense 9,400 402 Revenues 93,175 126 Supplies 580 637 Supplies expense 1,938 652 Telephone expense 2,520 203 Unearned revenues 688 Utilities expense 2,650 612 Wages expense Totals 40,800 $181,225 $181,225 The following is additional information that has not been included in the trial balance. n On Anril 2 unrerelved the telephone hill for the month of March for $650 The following is additional information that has not been included in the trial balance. a. On April 2, you received the telephone bill for the month of March for $650. b. On March 31, Adventure Element took a university student club zip-lining. An invoice had been sent to the student club for $2,700 due April 30. c. On March 31, the company held a teen's camp for $2,360. All tickets had been prepaid two weeks in advance. d. The equipment has an estimated useful life of 20 years. Use straight line method for depreciating Equipment. Required: 1. Prepare the missing adjusting entries for transactions a-d. View transaction list Journal entry worksheet 2. Prepare an adjusted trial balance. ADVENTURE ELEMENTS Adjusted Trial Balance Acct. No 101 March 31, 2020 Account Cash 103 Accounts receivable 126 Supplies 141 167 168 Notes receivable, due January 1, 2023 Equipment Accumulated depreciation, equipment 194 Copyright 201 Accounts payable 203 Unearned revenues 250 Long-term notes payable 300 Becky Brenner, capital 301 402 606 610 612 Becky Brenner, withdrawals Revenues Depreciation expense, equipment Rent expense Wanas aynense Debit Credit 3. Based on your adjusted trial balance, prepare the closing entries. Journalize the closing entries. View transaction list Journal entry worksheet