Financial StatementsDiane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown.Jan. 1Bernick invested cash in the business, $12,000.2Paid office rent, $750.3Purchased office equipment on account, $1,300.5Received cash for services rendered, $950.8Paid phone bill, $85.10Paid for a magazine subscription (miscellaneous expense), $20.11Purchased office supplies on account, $250.15Made a payment on account (see Jan. 3 transaction), $200.18Paid part-time employee, $600.21Received cash for services rendered, $800.25Paid utilities bill, $105.27Bernick withdrew cash for personal use, $400.29Paid part-time employee, $600.

Name: Financial StatementsDiane Bernick opened Bernick's Consulting. Transac
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Description: Financial StatementsDiane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown.Jan. 1Bernick invested cash in the business, $12,000.2Paid office rent, $750.3Purchased office equipment on

The transactions for the month of January 31st are given. Required Journal Entries and Trail…

Answered: Paid office rent, $750. 3 Purchased…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Financial Statements

Diane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown.

Jan. 1	Bernick invested cash in the business, $12,000.
2	Paid office rent, $750.
3	Purchased office equipment on account, $1,300.
5	Received cash for services rendered, $950.
8	Paid phone bill, $85.
10	Paid for a magazine subscription (miscellaneous expense), $20.
11	Purchased office supplies on account, $250.
15	Made a payment on account (see Jan. 3 transaction), $200.
18	Paid part-time employee, $600.
21	Received cash for services rendered, $800.
25	Paid utilities bill, $105.
27	Bernick withdrew cash for personal use, $400.
29	Paid part-time employee, $600.

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