Question: The adjusted trial balance for Morrison Services Ltd. at August 31, 2021 is as follows: Credit $6.490 2.710 Morrison Services Ltd. Adjusted Trial Balance August




The adjusted trial balance for Morrison Services Ltd. at August 31, 2021 is as follows: Credit $6.490 2.710 Morrison Services Ltd. Adjusted Trial Balance August 31, 2021 Debit Cash $11.410 Accounts receivable 20.010 Supplies 3.240 Prepaid insurance 3.220 Equipment 25,340 Accumulated depreciation equipment Accounts payable Salaries payable Interest payable Rent payable Income tax payable Deferred revenue Bank loan payable due 2024 Common shares Retained earnings Dividends declared 560 Service revenue Salaries expense 19,710 Rent expense 13.940 Depreciation expense 2.210 2.040 1.580 1.380 1,350 740 26,700 4.860 5.720 52.530 2.210 1.670 NEL CARE Depreciation expense Supplies expense Interest expense Insurance expense Income tax expense Total 1.580 1.110 2.100 $106.100 $106.100 (a) Prepare the closing entries at August 31. (List all debit entries before credit entries. Credit account tittles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Aug 31 (To close revenue account.) OBH 3 Question 10 of 10 -/15 (To close revenue account.) 31 (To close expense accounts.) 31 (To close net income) 31 (To close dividends.) H GO II 3 G (To close expense accounts.) 31 (To close net income.) 31 (To close dividends.) e Textbook and Media List of Accounts Submit Answer Attempts: 0 of 1 used Save for Later 20
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