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.
GENERAL
Consulting. Journalize the following transactions that occurred during
January of the current year. Use the following journal pages: January 1-
10, page 1; and January 11-29, page 2. Use the following chart of
accounts: (attached)
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.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
