Benson Company
Trial balance
June 30, 20xx.
Particulars Debit Credit
Cash $1,370
Accounts Payable $770
Office Equipment $900
Benson, Capital $1,500
Benson, Withdrawals $ 500
Accounts Receivable $1600 $1,600
Service Fees $2,730
Salaries Expense $630
$5,000 $5,000
Let me know if I missed anything
Based on the trial balance provided, it appears that the following information is missing:
1. The opening balances for the Cash, Accounts Payable, Office Equipment, Benson, Capital, Benson, Withdrawals, Accounts Receivable, Service Fees, and Salaries Expense accounts.
2. Any other accounts besides the ones listed in the trial balance.
Without this missing information, it is not possible to provide a more detailed analysis or complete financial statements for Benson Company.
Based on the given trial balance of Benson Company as of June 30, 20xx, here is a brief analysis:
Debit Side:
1. Cash - $1,370
2. Office Equipment - $900
3. Accounts Receivable - $1,600
4. Service Fees - $2,730
5. Salaries Expense - $630
Credit Side:
1. Accounts Payable - $770
2. Benson, Capital - $1,500
3. Benson, Withdrawals - $500
4. Accounts Receivable - $1,600
The total debit and credit amounts both equal $5,000, ensuring that the trial balance is in balance. However, some additional information is needed to accurately assess any missing items or discrepancies. Without further details, it is difficult to determine if anything has been missed from the provided trial balance.
In order to identify any missed information or discrepancies correctly, it would be essential to have additional information such as a general ledger, subsidiary ledgers, journal entries, and other supporting documents related to the accounting cycle.