1. Post the transactions to the general ledger accounts in chronological order. Use posting reference J1 for Jan. 1- Jan. 10 transactions and J2 for Jan. 11- Jan. 29 transactions. If an amount box does not require an entry, leave it blank.

2. Prepare a trial balance.

Diane Bernick has opened Bernick's Consulting. Set up general ledger accounts using the chart of accounts provided below.

Chart of Accounts
Assets			Revenues
101	Cash		401	Consulting Fees
142	Office Supplies
181	Office Equipment		Expenses
			511	Wages Expense
Liabilities			521	Rent Expense
202	Accounts Payable		525	Phone Expense
			533	Utilities Expense
Owner’s Equity			549	Miscellaneous Expense
311	Diane Bernick, Capital
312	Diane Bernick, Drawing

Jan. 1	Bernick invested cash in the business, $11,519.
2	Paid office rent, $752.
3	Purchased office equipment on account, $1,234.
5	Received cash for services rendered, $990.
8	Paid telephone bill, $90.
10	Paid for a magazine subscription (miscellaneous expense), $38.
11	Purchased office supplies on account, $293.
15	Made a payment on account (see Jan. 3 transaction), $235.
18	Paid part-time employee, $546.
21	Received cash for services rendered, $756.
25	Paid utilities bill, $90.
27	Bernick withdrew cash for personal use, $391.
29	Paid part-time employee, $546.

1. Post the transactions to the general ledger accounts in chronological order. Use posting reference J1 for Jan. 1- Jan. 10 transactions and J2 for Jan. 11- Jan. 29 transactions. If an amount box does not require an entry, leave it blank.

GENERAL LEDGER
ACCOUNT	Cash				ACCOUNT NO.	101
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
		J1
		J1
		J1
		J1
		J1
		J2
		J2
		J2
		J2
		J2
		J2

ACCOUNT	Office Supplies				ACCOUNT NO.	142
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
		J2

ACCOUNT	Office Equipment				ACCOUNT NO.	181
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
		J1

ACCOUNT	Accounts Payable				ACCOUNT NO.	202
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
		J1
		J2
		J2

ACCOUNT	Diane Bernick, Capital				ACCOUNT NO.	311
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
		J1

ACCOUNT	Diane Bernick, Drawing				ACCOUNT NO.	312
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
		J2

ACCOUNT	Consulting Fees				ACCOUNT NO.	401
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT