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Adventure Elements provides outdoor activities including ropes courses, rock climbing, and zip - lining. The company offers a unique experience for team building activities, camps
Adventure Elements provides outdoor activities including ropes courses, rock climbing, and ziplining. 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
No Account Debit Credit
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
Longterm notes payable
Rent expense
Revenues
Supplies
Supplies expense
Telephone expense
Unearned revenues
Utilities expense
Wages expense
Totals $ $
The following is additional information that has not been included in the trial balance.
On April you received the telephone bill for the month of March for $
On March Adventure Element took a university student club ziplining. An invoice had been sent to the student club for $ due April
On March the company held a teens camp for $ All tickets had been prepaid two weeks in advance.
The equipment has an estimated useful life of years with no residual value at the end of its useful life. If you need to create a new account, use account number
Use straight line method for depreciating Equipment.
The owner made an additional investment during the year of $ A $ payment on the longterm notes payable will be made during the year ended March
Prepare an income statement for the ended March
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