Financial Statements

Diane 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. Prepare an income statement.

Bernick's ConsultingIncome StatementFor Month Ended January 31, 20--