Part A (30 points)_x000D_
Record the following transactions in the basic accounting equation:_x000D_
a. Brian invests $10,000 cash to begin an accounting service._x000D_
b. The company buys office furniture for cash, $600._x000D_
c. The company buys additional office furniture on account, $300._x000D_
d. The company makes a payment on the office furniture, $200._x000D_
_x000D_
Brian’s Accounting Service_x000D_
ASSETS = LIABILITIES + OWNER’S EQUITY_x000D_
Cash + Office Furniture = Accounts Payable + Brian’s Capital_x000D_
a._x000D_
b._x000D_
c._x000D_
d._x000D_
Part B (40 points)_x000D_
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._x000D_
Cash $1,370 Benson, Withdrawals $ 500_x000D_
Accounts Payable 770 Accounts Receivable 1,600_x000D_
Office Equipment 900 Service Fees 2,730_x000D_
Benson, Capital 1,500 Salaries Expense 630_x000D_
_x000D_
Part C (30 points)_x000D_
The following transactions occurred during June for Campus Cycle Shop. Record the transactions below in the T accounts. Place the letter of the transaction next to the entry. Foot and calculate the ending balances of the T accounts where appropriate._x000D_
a. Tyler invested $6,500 in the bike service from his personal savings account._x000D_
b. Bought office equipment for cash, $900._x000D_
c. Performed bike service for a customer on account, $1,000._x000D_
d. Company cell phone bill received, but not paid, $80._x000D_
e. Collected $500 from customer in transaction c._x000D_
f. Tyler withdrew $300 for personal use._x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
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