use straight line method for depreciating equipment.

1.prepare the missing adjusting entries for transactions a-d

2.prepare an adjusted trial balance

3. based on your adjusted trial balance, prepare the closing entries.journalise the closing entries.

a) record closing of revenue to the income summary

b) record the closing of expense accounts to income summary

c) record closing of income summary to capital

d) record the closing withdrawals capital

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. Ine following is additional information that has not been included in the trial balance. a. On April 2, you recelved the telephone bill for the month of March for $535. b. On March 31, Adventure Element took a university student club zip-lining. An invoice had been sent to the student club for $4,100 due April 30. c. On March 31, the company heid a teen's camp for \$1,540. 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