Below are several accounts from Benson Company's accounting records. Columns representing the accounting equation appear to the right of each transaction listed below. Next to each transaction in the column of the respective account classification, write the
1) name of each account affected by the transaction, and
2) the dollar amount and direction of the effect on Assets, Liabilities, Equity, Revenues and Expenses, for each of the adjustments necessary at the end of May. The company records adjustments monthly.

Question

Below are several accounts from Benson Company's accounting records. Columns representing the accounting equation appear to the right of each transaction listed below. Next to each transaction in the column of the respective account classification, write the 
1) name of each account affected by the transaction, and 
2) the dollar amount and direction of the effect on Assets, Liabilities, Equity, Revenues and Expenses, for each of the adjustments necessary at the end of May. The company records adjustments monthly.

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The Answer of Below are several accounts from Benson Company's accounting records. Columns representing the accounting equation appear to the right of each transaction listed below. Next to each transaction in the column of the respective account classification, write the 
1) name of each account affected by the transaction, and 
2) the dollar amount and direction of the effect on Assets, Liabilities, Equity, Revenues and Expenses, for each of the adjustments necessary at the end of May. The company records adjustments monthly.

Below Are Several Accounts from Benson Company's Accounting Records