Jean Jones has opened Jones Consulting. Journalize the following transactions that occurred during January of the current year. Use the following journal pages: January 1–10, page 1, and January 11–29, page 2. Use the following chart of accounts:

Jan. 1 Jones invested cash in the business, $10,000.
2 Paid office rent, $500.
3 Purchased office equipment on account, $1,500.
5 Received cash for services rendered, $750.
8 Paid telephone bill, $65.
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), $150.
18 Paid part-time employee, $500.
21 Received cash for services rendered, $350.
25 Paid utilities bill, $85.
27 Jones withdrew cash for personal use, $100.
29 Paid part-time employee,$500.

Transcribed Image Text:

Chart of Accounts Assets 101 Cash Revenues 401 Consulting Fees 142 Office Supplies 181 Office Equipment Expenses 511 Wages Expense 521 Rent Expense 525 Telephone Expense 533 Utilities Expense 549 Miscellaneous Expense Liabilities 202 Accounts Payable Owner's Equity 311 Jean Jones, Capital 312 Jean Jones, Drawing