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A01.S.11.1 Introduction to AccountingPart A Record the following transactions in the basic accounting equation:a. Brian invests $10,000 cash to begin an accounting service.b. The company buys office furniture for cash, $600.c. The company buys additional office furniture on account, $300.d. The company makes a payment on the office furniture, $200ASSETS = LIABILITIES + EQUITYOfficeFurnitureAccounts PayableBrian's Capital
Part BThe 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.Cash$1,370Benson, Withdrawals $ 500Accounts Payable770Accounts Receivable1,600Office Equipment900Service Fees2,730Benson, Capital1,500Salaries Expense630Benson CompanyTrial BalanceJune 30, 20xxParticularsDebitCreditCash$1,370.00Accounts Payable$770.00Office Equipment$900.00Benson, Capital$1,500.00Benson, Withdrawals$500.00Accounts Receivable$1,600.00Service Fees$2,730.00Salaries Expense$630.00Totals$5,000.00$5,000.00Part C