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 $31,2023.$

No$.$ Account Debit Credit

$201$ Accounts payable and accrued liabilities $ $5,150$

$103$ Accounts receivable $ $5,150$

$168$ Accumulated depreciation, equipment $6,200$

$300$ Becky Brenner, capital $44,100$

$301$ Becky Brenner, withdrawals $39,400$

$101$ Cash $12,150$

$194$ Copyright $11,200$

$167$ Equipment $23,200$

$633$ Insurance expense $2,470$

$623$ Interest expense $505$

$141$ Notes receivable, due January $1,202619,600$

$233$ Long$-$term notes payable $26,800$

$610$ Rent expense $11,150$

$402$ Revenues $89,960$

$126$ Supplies $365$

$637$ Supplies expense $1,810$

$652$ Telephone expense $2,250$

$203$ Unearned revenues $12,800$

$688$ Utilities expense $2,560$

$612$ Wages expense $53,200$

Totals $ $185,010$ $ $185,010$

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

On April $2,$ you received the telephone bill for the month of March for $$720.$

On March $31,$ Adventure Element took a university student club zip$-$lining. An invoice had been sent to the student club for $$3,500$ due April $30.$

On March $31,$ the company held a teen$$s camp for $$2,350.$ All tickets had been prepaid two weeks in advance.

The equipment has an estimated useful life of $20$ years with no residual value at the end of its useful life. If you need to create a new account, use account number $606.$

Use straight line method for depreciating Equipment.

The owner made an additional investment during the year of $$17,500.$ A $$6,000$ payment on the long$-$term notes payable will be made during the year ended March $31,2024.$