The adjusted account balances of the Fitness Center at July 31 are as follows: Cash Accounts Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated depreciation-Buildings Accounts Payable Common Stock Retained Earnings Dividends Accounts Balances $16,000 15,000 4,000 8,000 300,000 120,000 19,000 90,000 105,000 15,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Balances $105,000 8,000 27,000 6,000 35,000 9,000 12,000

Date Account Tities and Explanation Debit Credit July 31 (To close revenue account.) July 31 (To close expense accounts) July 31 (To close experse accounts) July 31 (To dose net income to retained earnings) Juy 31 (To close dividends to retained earnings) The adjusted account balances of the Fitness Center at July 31 are as follows