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, $15,000. 2 Paid office rent, $750. 3 Purchased office equipment on account, $1,300. 5 Received cash for services rendered, $900. 8 paid phone bill, $70. 10 Paid for a magazine subscription (miscellaneous expense), $35. 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, $120. 27 Bernick withdrew cash for personal use, $400. 29 Paid part-time employee, $600. \begin{tabular}{|c|c|c|c|c|} \hline DATE & DESCRIPTION & POST. REF. & DEBII & CREDIT \\ \hline \multicolumn{5}{|l|}{20} \\ \hline \multirow[t]{3}{*}{ Jan, 1} & Cash & & 15,000 & \\ \hline & Diane Bernick, Capital & & & 15,000 \\ \hline & Owner's original investment & & & \\ \hline \multirow[t]{3}{*}{ Jan. 2} & Rent Expense & & 750 & \\ \hline & Cash & & & 750 \\ \hline & Paid office rent for January & & & \\ \hline \multirow[t]{3}{*}{ Jan. 3} & Office Equipment & & 1,300 & \\ \hline & Accounts Payable & & & 1,300 \\ \hline & Purchased office equipment on account & & & \\ \hline \multirow[t]{3}{*}{ Jan. 5} & Cash & & 900 & \\ \hline & Consulting Fees & E & & 900 \\ \hline & Received cash for consulting services & & & \\ \hline \multirow[t]{3}{*}{ Jan. 8} & Phone Expense & & 70 & \\ \hline & Cash & & & 70 \\ \hline & Paid phone bill & & & \\ \hline \multirow[t]{3}{*}{ Jan. 10} & Miscellaneous Expense & & 35 & \\ \hline & Cash & & & 35 \\ \hline & Purchased magazine subscription & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & GENERAL JOURNAI & & & PAGE ? \\ \hline DATE & DESCRIPTION & POST. REF. & DEBIT & CREDII \\ \hline \end{tabular} 20= Jan. 11 Office Supplies Accounts Payable Purchased office supplies on account \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNT & & Accounts Payab & & & ACCOUNT NO. & 202 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DATE & IIEM & POST. REF. & DEBIT & CREDII & DEBIT & CREDIT \\ \hline 20 & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNT & & Consulting Fees & & & ACCOUNT NO. & 401 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DATE & IIEM & POST. REE. & DEBIT & CREDII & DEBII & CREDIT \\ \hline 20 & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|lllllll} \hline DATE & IIEM & POST. REF. & \multicolumn{3}{c}{ BALANCE } \\ \hline & & & DEBII & CREDII & DEBIT & CREDIT \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & ACCOUNI & & Rent Expense & & & ACCOUNT NO. & 521 \\ \hline & & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline & DATE & IIEM & POST. REF. & DEBII & CREDIT & DEBII & CREDII \\ \hline & & & & & & & \\ \hline & & & & & & 7 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & ACCOUNT & & Phone Expense & & & ACCOUNT NO. & 525 \\ \hline & & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline & DATE & ITEM & POST, REF. & DEBIT & CREDII & DEBII & CREDII \\ \hline 20 & & & & & & & \\ \hline & & & & - & & & = \\ \hline \end{tabular} \begin{tabular}{|ccc|} \hline ACCOUNT & Miscellaneous Expense & ACCOUNT NO. 549 \\ \hline & BALANCE \\ \hline \end{tabular} 2. Prepare a trial balance
