General Ledger Accounts; Trial Balance Diane Bernick opened Bernick's Consulting. Transactions and related journal entries for January 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. PAGE 1 GENERAL JOURNAL DESCRIPTION DEBIT CREDIT POST. REF. DATE 20- 12,000.00 Jan. 1 Cash Pre Check My Work 0 A 20 MacBook Pro signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator DEBIT CREDIT POST. REF. DATE DESCRIPTION 20- 12,000.00 Jan. 1 Cash 12,000.0 Diane Bernick, Capital Owner's original investment 750.00 Jan. 2 Rent Expense 750.00 Cash Paid office rent for January 1,300.00 Jan. 3 Office Equipment 1,300.00 Accounts Payable Purchased office equipment on account 950.00 Jan. 5 Cash 950.00 Consulting Fees Received cash for consulting services 85.00 Jan. 8 Phone Expense eBook Show Me How Calculator Jan. 8 Phone Expense 85.00 Cash 85.00 Paid phone bill 20.00 Jan. 10 Miscellaneous Expense 20.00 Cash Purchased magazine subscription PAGE 2 GENERAL JOURNAL DEBIT POST. REF. CREDIT DATE DESCRIPTION 20-- 250.00 Jan. 11 Office Supplies 250.00 Accounts Payable Purchased office supplies on account 200.00 Jan. 15 Accounts Payable 200.00 Cash Made partial payment on office equipment 600.00 Jan. 18 Wages Expense Previ Check My Work 0 A w Jan. 18 Wages Expense 600.00 Cash 600.00 Paid employee 800.00 Jan. 21 Cash 800.00 Consulting Fees Received cash for consulting services 105.00 Jan. 25 Utilities Expense 105.00 Cash Paid utilities bill 400.00 Jan. 27 Diane Bernick, Drawing 400.00 Cash Owner's withdrawal 600.00 Jan. 29 Wages Expense 600.00 Cash eBOOK We now GENERAL LEDGER Cash ACCOUNT 101 ACCOUNT NO. BALANCE DATE POST. REF. ITEM DEBIT CREDIT CREDIT DEBIT 20-- Jan. 1 J1 Jan. 2 ACCOUNT Office Supplies ACCOUNT NO. 142 BALANCE DEBIT CREDIT DEBIT CREDIT DATE POST. REF. ITEM 20- Prey eBook Show Me How Calculator Office Supplies ACCOUNT ACCOUNT NO. 142 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20- ACCOUNT Office Equipment ACCOUNT NO. 181 BALANCE DEBIT CREDIT ITEM DATE POST. REF. CREDIT REBIT 20- ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DEBIT CREDIT DATE ITEM POST. REF. CREDIT DEBIT 20- ACCOUNT NO. 311 ACCOUNT Diane Bernick, Capital D Book Show Me How Calculator 311 ACCOUNT NO. ACCOUNT Diane Bernick, Capital BALANCE DATE DEBIT CREDIT DEBIT CREDIT POST. REF. ITEM 20- ACCOUNT Diane Bernick, Drawing ACCOUNT NO. 312 BALANCE CREDIT DEBIT CREDIT DEBIT DATE ITEM POST. REF. 20.- ACCOUNT Consulting Fees ACCOUNT NO. 401 BALANCE DEBIT CREDIT CREDIT DEBIT DATE POST. REF. ITEM 20-- 511 Wages Expense ACCOUNT NO. BALANCE ACCOUNT (Prev eBook Show Me How Calculator ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- ACCOUNT Rent Expense ACCOUNT NO. 521 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- ACCOUNT Phone Expense ACCOUNT NO. 525 BALANCE DEBIT CREDIT DEBIT CREDIT DATE POST. REF. ITEM 20-- ACCOUNT NO. 533 BALANCE ACCOUNT Utilities Expense Show Me How Calculator Book BALANCE DEBIT CREDIT DEBIT CREDIT DATE POST. REF. ITEM 20-- ACCOUNT Miscellaneous Expense ACCOUNT NO. 549 BALANCE DEBIT CREDIT CREDIT DEBIT DATE ITEM POST. REF. 20-- Feedback General Ledger Accounts; Trial Balance Diane Bernick opened Bernick's Consulting. Transactions and related journal entries for January 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. PAGE 1 GENERAL JOURNAL DESCRIPTION DEBIT CREDIT POST. REF. DATE 20- 12,000.00 Jan. 1 Cash Pre Check My Work 0 A 20 MacBook Pro signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator DEBIT CREDIT POST. REF. DATE DESCRIPTION 20- 12,000.00 Jan. 1 Cash 12,000.0 Diane Bernick, Capital Owner's original investment 750.00 Jan. 2 Rent Expense 750.00 Cash Paid office rent for January 1,300.00 Jan. 3 Office Equipment 1,300.00 Accounts Payable Purchased office equipment on account 950.00 Jan. 5 Cash 950.00 Consulting Fees Received cash for consulting services 85.00 Jan. 8 Phone Expense eBook Show Me How Calculator Jan. 8 Phone Expense 85.00 Cash 85.00 Paid phone bill 20.00 Jan. 10 Miscellaneous Expense 20.00 Cash Purchased magazine subscription PAGE 2 GENERAL JOURNAL DEBIT POST. REF. CREDIT DATE DESCRIPTION 20-- 250.00 Jan. 11 Office Supplies 250.00 Accounts Payable Purchased office supplies on account 200.00 Jan. 15 Accounts Payable 200.00 Cash Made partial payment on office equipment 600.00 Jan. 18 Wages Expense Previ Check My Work 0 A w Jan. 18 Wages Expense 600.00 Cash 600.00 Paid employee 800.00 Jan. 21 Cash 800.00 Consulting Fees Received cash for consulting services 105.00 Jan. 25 Utilities Expense 105.00 Cash Paid utilities bill 400.00 Jan. 27 Diane Bernick, Drawing 400.00 Cash Owner's withdrawal 600.00 Jan. 29 Wages Expense 600.00 Cash eBOOK We now GENERAL LEDGER Cash ACCOUNT 101 ACCOUNT NO. BALANCE DATE POST. REF. ITEM DEBIT CREDIT CREDIT DEBIT 20-- Jan. 1 J1 Jan. 2 ACCOUNT Office Supplies ACCOUNT NO. 142 BALANCE DEBIT CREDIT DEBIT CREDIT DATE POST. REF. ITEM 20- Prey eBook Show Me How Calculator Office Supplies ACCOUNT ACCOUNT NO. 142 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20- ACCOUNT Office Equipment ACCOUNT NO. 181 BALANCE DEBIT CREDIT ITEM DATE POST. REF. CREDIT REBIT 20- ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DEBIT CREDIT DATE ITEM POST. REF. CREDIT DEBIT 20- ACCOUNT NO. 311 ACCOUNT Diane Bernick, Capital D Book Show Me How Calculator 311 ACCOUNT NO. ACCOUNT Diane Bernick, Capital BALANCE DATE DEBIT CREDIT DEBIT CREDIT POST. REF. ITEM 20- ACCOUNT Diane Bernick, Drawing ACCOUNT NO. 312 BALANCE CREDIT DEBIT CREDIT DEBIT DATE ITEM POST. REF. 20.- ACCOUNT Consulting Fees ACCOUNT NO. 401 BALANCE DEBIT CREDIT CREDIT DEBIT DATE POST. REF. ITEM 20-- 511 Wages Expense ACCOUNT NO. BALANCE ACCOUNT (Prev eBook Show Me How Calculator ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- ACCOUNT Rent Expense ACCOUNT NO. 521 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- ACCOUNT Phone Expense ACCOUNT NO. 525 BALANCE DEBIT CREDIT DEBIT CREDIT DATE POST. REF. ITEM 20-- ACCOUNT NO. 533 BALANCE ACCOUNT Utilities Expense Show Me How Calculator Book BALANCE DEBIT CREDIT DEBIT CREDIT DATE POST. REF. ITEM 20-- ACCOUNT Miscellaneous Expense ACCOUNT NO. 549 BALANCE DEBIT CREDIT CREDIT DEBIT DATE ITEM POST. REF. 20-- Feedback