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?

Question 8 options:

Debit balance of $500

Credit balance of $500

Debit balance of $1500

Credit balance of $1500