Question 1

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.
 $$\begin{array} { l r l r } 
\text { Cash } & \$ 1,870 & \text { Benson, Withdrawals } & \$ 500 \
\text { Accounts Payable } & 1,270 & \text { Accounts Receivable } & 1,100 \
\text { Office Equipment } & 900 & \text { Service Fees Earned } & 2,230 \
\text { Benson, Capital } & 1,500 & \text { Salaries Expense } & 630
\end{array}$$

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Question 2

Number the following types of accounts (1-6)as they would appear on the Trial Balance.

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Question 3

The following is a list of accounts and their balances for Myra's Company for the month ended May 31,20xx.Prepare a trial balance in good form.
 $$\begin{array} { l r l r } 
\text { Cash } & \$ 1,710 & \text { Myra, Withdrawals } & \$ 980 \
\text { Accounts Payable } & 1,000 & \text { Accounts Receivable } & 1,200 \
\text { Office Equipment } & 1,760 & \text { Service Fees Earned } & 1,835 \
\text { Myra, Capital } & 3,465 & \text { Rent Expense } & 650
\end{array}$$

Accepted Answer

The answer of The following is a list of accounts...

Question 4

Determine the beginning owner's equity of a business having an ending owner's equity of $3,500,additional investments of $600,withdrawals of $500,and net loss of $750.
$ ________

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Question 5

Determine the beginning owner's equity of a business having beginning assets of $9,000 and ending liabilities of $3,000.During the year the liabilities decreased by $1,000.
$ ________

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Quiz 2: Debits and Credits: Analyzing and Recording Business Transactions

Number the following types of accounts (1-6)as they would appear on the Trial Balance.

Determine the beginning owner's equity of a business having an ending owner's equity of $3,500,additional investments of $600,withdrawals of $500,and net loss of $750. $ ________

Determine the beginning owner's equity of a business having beginning assets of $9,000 and ending liabilities of $3,000.During the year the liabilities decreased by $1,000. $ ________