The Adjusted Account Balances of the Wellness Center at July

question 155

Essay

The adjusted account balances of the Wellness Center at July 31 are as follows: $\begin{array}{lrlr} \underline{\text {Accounts}}&\underline{\text {Account Balances}}&\underline{\text {Accounts}}& \underline{\text {Account Balances}}\\\text { Cash } & \$ 16,000 & \text { Service Revenue } & \$ 107,000 \\\text { Accounts Receivable } & 15,000 & \text { Interest Revenue } & 8,500 \\\text { Supplies } & 4,000 & \text { Depreciation Expense } & 25,000 \\\text { Prepaid Insurance } & 8,000 & \text { Insurance Expense } & 6,000 \\\text { Buildings } & 300,000 & \text { Salaries and Wages Expense } & 40,000 \\\text { Accumulated Depreciation- } & & \text { Supplies Expense } & 8,000 \\\text { Buildings } & 120,000 & \text { Utilities Expense } & 13,000 \\\text { Accounts Payable } & 19,000 & & \\\text { Owner's Capital } & 195,000 & & \\\text { Owner's Drawings } & 11,000 & &\end{array}$
Instructions
Prepare the end of the period closing entries for the Wellness Center.

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Definitions:

Accident Involvement

The occurrence of incidents resulting in injury, damage, or harm, which may require investigation or intervention.

HR Department

A department within an organization that is responsible for managing human resources and employee relations, including hiring, training, benefits, and compliance with labor laws.

Safety Campaign

An organized effort directed at promoting actions and behaviors that reduce risks and enhance safety in a specific area or sector.

Stress-Related Illnesses

Health issues, both physical and mental, that arise from or are exacerbated by stress, including heart disease, anxiety disorders, and depression.