The Trial Balance Analysis of Benson Company
List of Accounts and Balances
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
Prepare a Trial Balance
Debit | Credit
Cash: $1,370.00 | Accounts Receivable: $1,600.00
Office Equipment: $900.00 | Benson, Withdrawals: $500.00
Benson, Capital: $1,500.00 | Accounts Payable: $770.00
Salaries Expense: $630.00 | Service Fees: $2,730.00
Total Debit: $5,000.00 | Total Credit: $5,000.00
Questions
9. The Account Payable account has which of the following balances?Credit balance of $770
10. What is the total trial balance amount?
$5,000