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. GENERAL JOURNAL PAGE 1 DESCRIPTION POST. REF. DEBIT CREDIT DATE 20-- Jan. 1 Cash Diane Bernick, Capital Owner's original investment Jan. 21 Rent Expense Cash Check My Work Paid office rent for January 12,000.00 12,000.00 750.00 750.00