General Ledger Accounts; Trial Balance Diane Bernick opened Bernick's Consulting. Transactions and related journal entries for the month of January are shown. Jan. 1 Bernick invested cash in the business, $11,000. 2 Paid office rent, $700. 3 Purchased office equipment on account, $1,200. 5 Received cash for services rendered, $1,000. 8 Paid phone bill, $75. 10 Paid for a magazine subscription (miscellaneous expense), $15. 11 Purchased office supplies on account, $300. 15 Made a payment on account (see Jan. 3 transaction), $250. 18 Paid part-time employee, $600. 21 Received cash for services rendered, $700. 25 Paid utilities bill, $115. 27 Bernick withdrew cash for personal use, $350. 29 Paid part-time employee, $600. GENERAL JOURNAL PAGE 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20. GENERAL JOURNAL PAGE 1 DESCRIPTION DATE DEBIT POST. REF. CREDIT 20-- Jan. 1 Cash 11,000 Diane Bernick, Capital 11,000 Owner's original investment Jan. 2 Rent Expense 700 Cash 700 Paid office rent for January Jan. 3 Office Equipment 1,200 Accounts Payable 1,200 Purchased office equipment on account Jan. 5 Cash 1,000 1,000 Consulting Fees Received cash for consulting services Jan. 8 Phone Expense 75 Cash 75 Daid nhona hill eBook Show Me How Calculator Print Item Jan. 5 Cash 1,000 Consulting Fees 1,000 Received cash for consulting services Jan. 8 Phone Expense 75 Cash 75 Paid phone bill Jan. 10 Miscellaneous Expense 15 Cash 15 Purchased magazine subscription PAGE 2 GENERAL JOURNAL DESCRIPTION DATE POST. REF. DEBIT CREDIT 20-- Jan. 11 300 Office Supplies Accounts Payable Purchased office supplies on account 300 Jan. 15 Accounts Payable 250 Cash 250 eBook Show Me How Calculator Print Item 250 Cash Made partial payment on office equipment 600 Jan. 18 Wages Expense 600 Cash Paid employee Cash 700 Jan. 21 700 Consulting Fees Received cash for consulting services Jan. 25 Utilities Expense 115 Cash 115 Paid utilities bill Jan. 27 Diane Bernick, Drawing 350 Cash 350 Owner's withdrawal Jan. 29 Wages Expense 600 Cash 600 Paid employee 1. Post the transactions to the general ledger. GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Office Supplies ACCOUNT NO. 142 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- ACCOUNT office Equipment ACCOUNT NO. 181 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Diane Bernick, Capital ACCOUNT NO. 311 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Diane Bernick, Drawing ACCOUNT NO. 312 BALANCE DATE ITEM POST. REF. DEE CREDIT DEBIT CREDIT 20- ACCOUNT Consulting Fees ACCOUNT NO. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- LIGI ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Rent Expense ACCOUNT NO. 521 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Phone Expense ACCOUNT NO. 525 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20-- ACCOUNT Utilities Expense ACCOUNT NO. 533 eBook Show Me How Calculator Print Item ACCOUNT 533 Utilities Expense ACCOUNT NO. BALANCE DATE POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- ACCOUNT Miscellaneous Expense ACCOUNT NO. 549 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- 2. Prepare a trial balance. Bernick's Consulting Trial Balance January 31, 20- Account Title Account No. Debit Balance Credit Balance Cash 101 142 Office Supplies Office Equipment 181 Accounts Payable 202 Diane Bernick, Capital 311 Diane Bernick, Drawing 312 2. Prepare a trial balance. Bernick's Consulting Trial Balance January 31, 20- Account No. Debit Balance Credit Balance Account Title Cash 101 142 181 202 311 Office Supplies Office Equipment Accounts Payable Diane Bernick, Capital Diane Bernick, Drawing Consulting Fees Wages Expense Rent Expense Phone Expense 312 401 511 521 525 Utilities Expense 533 Miscellaneous Expense 549