2. Analyze, journalize (pg. 3) and update the ledger accounts (pgs. 5-6) for the following January, 20x5 transactions for Benard Consulting, a proprietorship owned by Olivia Benard: 1-Jan: Olivia Benard makes an investment into the company of $7,500 b. 1-Jan: January rent is paid for office space in the amount of $1,200 1-Jan: An annual comprehensive insurance policy is purchased for $1,500. d. 3-Jan: Provided consulting services for $4,500, due from the customer on 2/3/20X5. e. 3-Jan: Purchased supplies on account of $700. f. 10-Jan: Provided services for cash of $1,900. g. 12-Jan: Purchased office equipment paying cash of $1,200. h. 16-Jan: Paid $500 to vendors on account. i. 25-Jan: Provided services on account for $2,800. j. 28-Jan: Received payment on account of $3,100. k. 30-Jan: Olivia Benard withdrew $250 from the company for personal use. GENERAL JOURNAL (26 Points) General Journal Page 1 Date Account/Description Post Ref Debit Credit General Ledger (14 points) Account: Cash Account No: 11 Balance Date Post Ref Debit Credit Debit Credit Account: Accounts Receivable Account No: 12 Balance Date Post Ref Debit Credit Debit Credit Account: Supplies Account No: 14 Balance Date Post Ref Debit Credit Debit Credit General Ledger (Continued) Account: Prepaid Insurance Account No: 15 Balance Date Post Ref Debit Credit Debit Credit Account: Office Equipment Account No: 16 Balance Date Post Ref Debit Credit Debit Credit Account: Accounts Payable Account No: 21 Balance Date Post Ref Debit Credit Debit Credit Account: O. Benard, Capital Account No: 31 Balance Date Post Ref Debit Credit Debit Credit General Ledger (Continued) Account No: Account: o. Benard, Drawing 32 Balance Date Post Ref Debit Credit Debit Credit Account: Fees Earned Account No: 41 Balance Date Post Ref Debit Credit Debit Credit Account: Rent Expense Account No: 54 Balance Date Post Ref Debit Credit Debit Credit