Question 2 (4 marks each transaction 1 mark) The adjusted account balances of the Almaha Company at July 31 are as follows: Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated Depreciation- Buildings Accounts Payable Owner's Capital Owner's Drawings Account Balances $ 16,000 15.000 4,000 8.000 300,000 Accounts Account Balances Service Revenue 550,000 Interest Revenue 10,000 Depreciation Expense 25,000 Insurance Expense 6,000 Salaries and Wages Expense 40,000 Supplies Expense 8.000 Utilities Expense 13,000 120,000 19,000 195,000 15,000 Instructions Prepare the end of the period closing entries for the Almaha Company. Assignment #2 Account title and transaction Debit Credit Date July 1 July 31 July 31