$"$ YourWellness is a sole proprietorship committed to promoting holistic well$-$being and providing personalized wellness services. Our focus is on helping individuals achieve optimal health by offering a range of services that encompass physical, mental, and emotional wellness.

$$ YourWellness offers personalized fitness programs tailored to individual needs and goals. Whether clients are looking to lose weight, build strength, or improve flexibility, our fitness experts design programs that align with their unique preferences and abilities.

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$"$On May $1,$ I invested $$100,000$ cash to start YourWellness.

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$"$On May $5,$ YourWellness buys wellness equipment on credit from WellnessSuppliers for $$15,000.$

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$"$On May $7,$ YourWellness buys office supplies for $$3,000$ in cash.

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$"$On May $10,$ YourWellness hired a gym trainer for $$2,000$ per month. The first month's salary is paid in cash.

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$"$On May $13,$ Clients pay $$2,000$ in advance for future wellness sessions.

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$"$On May $15,$ YourWellness buys advertising services on credit from AdPromotions for $$2,500.$

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On May $20,$ YourWellness pays $$1,000$ for $1$ year insurance policy that will expire next year.

On May $29,$ I Withdraw $$500$ for personal use.

On June $1,$ YourWellness pays rent for June in cash $$1,300$

$"$On June $2,$ Clients who prepaid for services on May $13,$ began utilizing the services. Record $$1,500$ worth of services as provided.

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On June $4,$ YourWellness paid $$900$ In cash for utilities.

On June $10,$ YourWellness paid WellnessSuppliers in full for the equipment bought on May $5.$

On June $15,$ YourWellness recived $$1,700$ in cash from Byrd Copamy to give Yoga Sessions for their employees.

$"$On June $20,$ YourWellness Paid a yoga instructor $$900$ in cash as fees.

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$"$On June $23,$ YourWellness acquired a new massage table on credit for $$1,500.$

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$"$On July $1,$ YourWellness hired a part$-$time receptionist and pays $$700$ in cash for the first month's salary.

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$"$On July $6,$ YourWellness granted a $$100$ discount to a loyal customer.

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$"$On July $10,$ YourWellness paid $$500$ for online advertising services.

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$"$On July $15,$ YourWellness bought educational materials for staff training for $$250.$

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On Oct $2,$ YourWellness receives $$1,500$ in cash from a customer who has booked a spot for a wellness retreat scheduled for the next financial year. Since the services have not been provided yet.

$"$On Nov $15,$ YourWellness buys yoga mats on account from a supplier for $$600.$

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$"$On Nov $23,$ A customer returns $$230$ worth of defective health and wellness products for a refund.

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$"$On Dec $31,$ YourWellness paid $$800$ in taxes to the local government.

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$"$On Dec $31,$ YourWellness Record $$1000$ of depreciation on the wellness equipment.

$($using the straight$-$line method, with salvage value of $$5,000,$ and a useful life of $10$ years$)$

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$"$On Dec $31,$ YourWellness conducts a year$-$end inventory count and determines that the value of unsold health and wellness products is $$700.$ Adjust the inventory account.

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$"$On Dec $31,$ YourWellness accrued $$1,200$ in unpaid salaries for the last week of December. This adjustment recognizes the expense that has been incurred but not yet paid.

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Prepare Income Statement for the above transactions