Question: Hi, I need help on this accounting question: Morrison Services Ltd. reports the following adjusted trial balance at August 31. 2021: MORRISON SERVICES LTD. Adiusted

Hi, I need help on this accounting question:

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Morrison Services Ltd. reports the following adjusted trial balance at August 31. 2021: MORRISON SERVICES LTD. Adiusted Trial Balance August 31,2021 Debit Credit Cash $11.4?0 Accounts receivable 18.400 Supplies 3.000 Prepaid insurance 3.650 Equipment 26.400 Accumulated depreciationequipment $5,905 Accounts payable 2,?50 Salaries payable 2100 Interest payable 1,600 Rent payable 1250 Income tax payable 1,300 Deferred revenue 400 Bank loan payable, 2024 25,500 Common shares 4000 Retained earnings 5,300 Dividends declared 600 Service revenue 55,425 Salaries expense 19.300 Rent expense 13.445 Depreciation expense 2.4?5 Supplies expense 1.750 Interest expense 1.600 Insurance expense 1.240 Income tax expense 2.200 Total $105530 $105530 During the year. the company issued common shares for $1,300. V Your answer is correct. Prepare an income statement. MORRISON SERVICES LTD Statement of Income For the year ended August 31, 2021 Revenues V Service Revenue to 55425 Expenses Salaries Expense 19300 Rent Expense 13445 Depreciation Expense 2475 Supplies Expense 1750 Interest Expense 1600 Insurance Expense 1240 Total expenses 39810 i Income before income tax 15615 Income Tax Expense 2200 Net income V $ 13415 eTextbook and Media List of Accounts Attempts: unlimited(b) V Your answer is correct. Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).) MORRISON SERVICES LTD. Statement of Changes in Equity Year Ended August 31, 2021 Common Shares Retained Earnings Total Equity , September 1, 2020 2700 5300 8000 common shares 1300 i 1300 ome 13415 13415 ids Declared i 600 i 600 HI 2, August 31, 2021 $ 4000 18115 22115 eTextbook and Media List of Accounts Attempts: unlimitedPrepare the statement of financial position. (List Current assets in order of liquidity.) MORRISON SERVICES LTD. Statement of Financial Position August 31, 2021 Assets V to V V V $\fLong-term Investments Current Liabilities Current Assets Shareholders' Equity Total Liabilities Total Current Assets Non-Current Liabilities Total Revenues Net Income / (Loss) Total Long-term Liabilities Total Expenses Total Property, Plant and Equipment Total Shareholders' Equity Total Long-term Investments Intangible Assets Expenses Revenues Property, Plant and Equipment Total Intangible Assets Total Assets Total Current Liabilities Total Liabilities and Shareholders' EquityTotal Assets Total Liabilities Net Income / (Loss) Long-term Investments Current Liabilities Property, Plant and Equipment Total Long-term Liabilities Current Assets Total Long-term Investments Revenues Total Expenses iabi Total Current Liabilities Total Intangible Assets Total Liabilities and Shareholders' Equity Intangible Assets Shareholders' Equity Non-Current Liabilities Total Revenues Total Current Assets Expenses Total Shareholders' Equity Total Property, Plant and EquipmentExpenses Current Assets Shareholders' Equity Non-Current Liabilities Total Liabilities Long-term Investments Total Liabilities and Shareholders' Equity Property, Plant and Equipment Total Revenues lia Current Liabilities Revenues Total Current Assets Total Long-term Liabilities Intangible Assets Total Shareholders' Equity Total Long-term Investments Total Property, Plant and Equipment Net Income / (Loss) Total Expenses Total Intangible Assets Total Current Liabilities Total Assets\fLong-term Investments Shareholders' Equity Total Liabilities Intangible Assets Net Income / (Loss) Expenses Property, Plant and Equipment Total Intangible Assets Total Property, Plant and Equipment Current Liabilities Revenues Total Current Assets Current Assets Total Liabilities and Shareholders' Equity Total Revenues Total Long-term Liabilities Total Current Liabilities Total Expenses Total Shareholders' Equity Non-Current Liabilities Total Assets Total Long-term InvestmentsLong-term Investments Total Long-term Investments Revenues Expenses Property, Plant and Equipment Net Income / (Loss) Current Assets Total Long-term Liabilities Non-Current Liabilities Total Revenues Total Current Assets Total Shareholders' Equity Total Property, Plant and Equipment Total Liabilities Current Liabilities Intangible Assets Shareholders' Equity Total Current Liabilities Total Assets Total Liabilities and Shareholders' Equity Total Expenses Total Intangible AssetsProperty, Plant and Equipment Intangible Assets Current Assets Current Liabilities Total Long-term Investments Shareholders' Equity Total Liabilities Total Expenses Total Property, Plant and Equipment Non-Current Liabilities Total Assets Total Current Assets Total Long-term Liabilities Net Income / (Loss) Expenses Total Shareholders' Equity Revenues Total Current Liabilities Total Liabilities and Shareholders' Equity Long-term Investments Total Revenues Total Intangible AssetsTotal Assets Total Long-term Investments Long-term Investments Total Long-term Liabilities Current Liabilities Total Current Liabilities Revenues Total Intangible Assets Total Liabilities and Shareholders' Equity Intangible Assets Total Revenues Total Expenses Property, Plant and Equipment Current Assets Total Shareholders' Equity Expenses Shareholders' Equity Total Current Assets Net Income / (Loss) Total Liabilities Total Property, Plant and Equipment Non-Current LiabilitiesCurrent Assets Shareholders' Equity Net Income / (Loss) Revenues Non-Current Liabilities Total Long-term Investments Total Revenues Total Assets Total Property, Plant and Equipment Total Shareholders' Equity Total Liabilities Total Current Liabilities Property, Plant and Equipment Total Intangible Assets Total Liabilities and Shareholders' Equity Total Expenses Long-term Investments Total Current Assets Current Liabilities Total Long-term Liabilities Intangible Assets ExpensesCurrent Assets Total Property, Plant and Equipment Intangible Assets Current Liabilities Shareholders' Equity Total Liabilities Non-Current Liabilities Net Income / (Loss) Property, Plant and Equipment Total Liabilities and Shareholders' Equity Total Shareholders' Equity Total Intangible Assets Total Current Assets Total Long-term Investments Long-term Investments Total Current Liabilities Revenues Total Long-term Liabilities Total Expenses Expenses Total Revenues Total AssetsCurrent Liabilities Total Liabilities Shareholders' Equity Total Current Assets Total Intangible Assets Total Assets Net Income / (Loss) Total Property, Plant and Equipment Current Assets Total Long-term Liabilities Total Long-term Investments Total Revenues Property, Plant and Equipment Expenses Total Current Liabilities Long-term Investments Intangible Assets Non-Current Liabilities Revenues Total Liabilities and Shareholders' Equity Total Expenses Total Shareholders' EquityTotal Current Liabilities Total Assets Total Property, Plant and Equipment Total Liabilities and Shareholders' Equity Total Long-term Investments Shareholders' Equity Property, Plant and Equipment Net Income / (Loss) Total Current Assets Current Assets Total Revenues Intangible Assets Non-Current Liabilities Long-term Investments Expenses Revenues Total Liabilities Current Liabilities Total Expenses Total Long-term Liabilities Total Intangible Assets Total Shareholders' Equity

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