Problem 4-6A Adjusting entries and closing entries LO1, 2, 4 Adventure Elements provides outdoor activites including topes courses, rock climbing and zip-ining Itie company offers a unique expetience for team bulding activities, canps for youth, and anyone seeking outdoor adventure. The following is trial balance for the year ended March 31,2023 The following is additional information that has not been incladed in the trial balance: o. On April 2, you recelyed the telephone bill for the month of March for $395 The following is additional information that has not been included in the thal batance a. On Aparl 2, you received the telephone bal for the month of March for $395. b. On March 3t, Adventure. Flement took a university student club zip-lining An irwolce had been sent to the student club for $2.600 due April 30 c. On March 31, the company held a teers cimp for \$2,230. All tickets had been prepaid two wreeks in advance d. The equipment has an estienated issefid hife of 20 years. Use straight line method for seprectating Equipment. Reculfed: 1. Prepare the missing adjusting entries for transactions a-d. 3. Based on your adjusted trial balance, prepare the closing entries. Joumalize the closing entries. Journal entry worksheet Record dosing of revenue to the income summary. Notes inier debas betore credits. Problem 4-6A Adjusting entries and closing entries LO1, 2, 4 Adventure Elements provides outdoor activites including topes courses, rock climbing and zip-ining Itie company offers a unique expetience for team bulding activities, canps for youth, and anyone seeking outdoor adventure. The following is trial balance for the year ended March 31,2023 The following is additional information that has not been incladed in the trial balance: o. On April 2, you recelyed the telephone bill for the month of March for $395 The following is additional information that has not been included in the thal batance a. On Aparl 2, you received the telephone bal for the month of March for $395. b. On March 3t, Adventure. Flement took a university student club zip-lining An irwolce had been sent to the student club for $2.600 due April 30 c. On March 31, the company held a teers cimp for \$2,230. All tickets had been prepaid two wreeks in advance d. The equipment has an estienated issefid hife of 20 years. Use straight line method for seprectating Equipment. Reculfed: 1. Prepare the missing adjusting entries for transactions a-d. 3. Based on your adjusted trial balance, prepare the closing entries. Joumalize the closing entries. Journal entry worksheet Record dosing of revenue to the income summary. Notes inier debas betore credits
