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Question 7 (10 points) The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare
Question 7 (10 points) 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. Then answer questions 7 - 10. $1,370 770 Cash Accounts Payable Office Equipment Benson, Capital Benson, Withdrawals Accounts Receivable Service Fees Salaries Expense $ 500 1,600 2,730 630 900 1,500 7. The Cash account has which of the following balances? O Debit balance of $1370 Credit balance of $1370 O Debit balance of $1500 O Credit balance of $1500 Question 8 (10 points) 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. Then answer questions 7 - 10. Cash Accounts Payable $1,370 770 900 1,500 Benson, Withdrawals Accounts Receivable Service Fees Salaries Expense $500 1,600 2,730 Office Equipment Benson, Capital 630 8. The Benson, Capital account has which of the following balances? O Debit balance of $500 O Credit balance of $500 O Debit balance of $1500 Credit balance of $1500 Question 9 (10 points) 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. Then answer questions 7 - 10. 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 9. The Account Payable account has which of the following balances? O Debit balance of 2730 O Credit balance of $2730 O Debit balance of $770 O Credit balance of $770 Question 10 (10 points) 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. Then answer questions 7 - 10. Cash $1,370 770 Accounts Payable Office Equipment Benson, Capital Benson, Withdrawals Accounts Receivable Service Fees $ 500 1,600 2,730 900 1,500 Salaries Expense 630 10. What is total Debit and Credit balance? 0 1500 O 5000 O2000 0500
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