Question 2: (4 marks each transaction 1 mark) The adjusted account balances of the Almaha Company at July 31 are as follows: Accounts Account Balances Accounts Account Balances Cash $ 16,000 Service Revenue $50,000 Accounts Receivable 15,000 Interest Revenue 10,000 Supplies 4,000 Depreciation Expense 25,000 Prepaid Insurance 8,000 Insurance Expense 6,000 Buildings 300,000 Salaries and Wages Expense 40,000 Accumulated Depreciation - Supplies Expense 8,000 Buildings 120,000 Utilities Expense 13,000 Accounts Payable 19.000 Owner's Capital 195,000 Owner's Drawings 15,000 Instructions Prepare the end of the period closing entries for the Almaha Company. Date Account title and transaction Debit Credit July 311 July 30 Question 2: (4 marks each transaction 1 mark) The adjusted account balances of the Almaha Company at July 31 are as follows: Accounts Account Balances Accounts Account Balances Cash $ 16,000 Service Revenue $50,000 Accounts Receivable 15,000 Interest Revenue 10,000 Supplies 4,000 Depreciation Expense 25,000 Prepaid Insurance 8,000 Insurance Expense 6,000 Buildings 300,000 Salaries and Wages Expense 40,000 Accumulated Depreciation - Supplies Expense 8,000 Buildings 120,000 Utilities Expense 13,000 Accounts Payable 19.000 Owner's Capital 195,000 Owner's Drawings 15,000 Instructions Prepare the end of the period closing entries for the Almaha Company. Date Account title and transaction Debit Credit July 311 July 30