Part B The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial balance in good form. Cash           $1,370       Benson, Withdrawals   $ 500 Accounts Payable   770       Accounts Receivable   1,600 Office Equipment   900       Service Fees       2,730 Benson, Capital       1,500       Salaries Expense   630 Solution All assets, expenses and withdrawals will be recorded as Debit Amounts in the Trial Balance. All liabilities, revenues and capital will be recorded as Credit Amounts in the Trial Balance. Here Debit Amounts are: Cash, Accounts Receivable, Office Equipment, Benson, Withdrawals and Salaries Expense. Here Credit Amounts: Accounts Payable, Benson Capital and Service Fees. ______________________________ Solution: .

1. Part B
The following is a list of accounts and their balances for Benson Company for the month ended
June 30, 20xx. Prepare a trial balance in good form.
Cash $1,370 Benson, Withdrawals $ 500
Accounts Payable 770 Accounts Receivable 1,600
Office Equipment 900 Service Fees 2,730
Benson, Capital 1,500 Salaries Expense 630
Solution
All assets, expenses and withdrawals will be recorded as Debit Amounts in the Trial Balance. All
liabilities, revenues and capital will be recorded as Credit Amounts in the Trial Balance.
Here Debit Amounts are: Cash, Accounts Receivable, Office Equipment, Benson, Withdrawals
and Salaries Expense.
Here Credit Amounts: Accounts Payable, Benson Capital and Service Fees.
______________________________
Solution:
Benson Company Trial Balance,June 30,
20xx
Debit Credit
Cash 1,370
Accounts Receivable 1,600
Office Equipment 900
Accounts Payable 770

2. Benson, Capital 1,500
Benson, Withdrawals 500
Service Fees 2,730
Salaries Expense 630
Total $5,000 $5,000