The adjusted trial balance for Morrison Services Ltd, at July 31, 2018 is as follows: Morrison Services Ltd. Adjusted Trial Balance July 31, 2018 Credit Cash Debit $7,490 19,875 Accounts receivable Supplies 3,460 Prepaid insurance 3,620 Equipment 25,300 Accumulated depreciation-equipment $5,785 Accounts payable 2,820 Salaries payable 2,190 Interest payable 1,290 1,190 Rent payable Income tax payable 1,450 Unearned revenue 510 24,500 Bank loan payable, due 2021 4,870 Common shares 5,250 Retained earnings 530 Retained earnings Dividends declared Service revenue Salaries expense Rent expense 18,080 Depreciation expense 2175 Supplies expense 1.580 Interest expense 1230 Insurance expense 1,040 Income tax expense $105,530 $105,530 0 Total Part 1 Prepare the closing entries at July 31. (Credit account titties are automatically indented when the amount is entered. Do not ind manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Prepare the closing entries at July 31. (Credit account titties 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 July 31 (To close revenue account.) (To close expense accounts.) (To close expense accounts.) (To close net income.) (To close dividends.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used