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The adjusted trial balance for Morrison Services Ltd. at August 31, 2021 is as follows: Marr son Services Ltd. Acusted Trial Balance August 31.2021
The adjusted trial balance for Morrison Services Ltd. at August 31, 2021 is as follows: Marr son Services Ltd. Acusted Trial Balance August 31.2021 Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment $11,390 18,230 3,530 3,200 26,550 Accumulated depreciation-equipment $6,380 Accounts payable Salaries payable 2,820 2,270 Interest payable Rent payable 1,490 1,360 Income tax payable Deferred revenue 1.570 770 Bank loan payable, due 2024 22,900 Common shares 4.870 Retained earnings 5,710 Dividends declared 580 Service revenue 53,700 Salaries expense 17.900 Rent experse 13.340 Depreciation expense 2,410 Supplies expense 1,870 Interest expense 1,490 Insurance expense 1.180 Income tax expense 2.180 Total $10140 $103,840
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