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I am trying to make Adjusted Trail balance and thank you so much Problem 4-8A Adjusting entries and closing entries LO2,3,5 Adventure Elements provides outdoor
I am trying to make Adjusted Trail balance and
thank you so much
Problem 4-8A Adjusting entries and closing entries LO2,3,5 Adventure Elements provides outdoor activities including ropes courses, rock climbing, and zip-lining. The com 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. 201 103 168 300 3e1 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 Totals Debit Credit $ 4,500 $ 6,200 6,250 44,300 40,300 10,750 11,350 23,400 2,660 525 10,900 18,500 9,800 74,070 475 2,589 2,980 13,800 2,500 37,000 $161,420 $161,420 Required: 1. Prepare the missing adjusting entries for transactions a-d. View transaction list View journal entry worksheet No Debit Credit 1 Date General Journal March 31, 2020 Telephone expense Accounts payable and accrued liabilities 365 365 2 4,250 March 31, 2020 Accounts receivable Revenues 4.250 3 1.840 March 31, 2020 Unearned revenues Revenues 1.840 4 1,170 March 31, 2020 Depreciation expense, equipment Accumulated depreciation, equipment 1.170 3. Based on your adjusted trial balance, prepare the closing entries. Journalize the closing entries. View transaction list Journal entry worksheetStep by Step Solution
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