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
8. the benson, capital account has which of the following balances?
debit balance of $500
credit balance of $500
debit balance of $1500
credit balance of $1500