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Morrison Services Ltd. reports the following adjusted account balances , shown in alphabetical order, at the end of its fiscal year August 31, 2021 :
Morrison Services Ltd. reports the following adjusted account balances , shown in alphabetical order, at the end of its fiscal year August 31, 2021 :
Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, August 31, 2021 $2.930 Insurance expense $ 1,040 Accounts payable Accounts receivable Accumulated depreciation-equipment Bank loan payable, due 2024 18,590 Interest expense 1,520 5,610 Interest payable 1,520 25,000 Prepaid insurance 3,500 Cash 11.230 Rent expense 12,380 Common shares 5,110 1,220 2.160 5,190 760 Rent payable Retained earnings Salaries expense Salaries payable Service revenue 19.130 620 Depreciation expense Deferred revenue Dividends declared Equipment Income tax expense Income tax payable 2,100 25,490 51,530 1.920 Supplies 3.290 1.570 Supplies expense 1,670 All accounts have normal balances Prepare an adjusted trial balance, Morrison Services LTD. Adjusted Trial Balance August 31, 2021 Debit Credit $ $ I I Total Step by Step Solution
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