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

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