Diane Bernick has opened Bernicks Consulting. Journalize the following transactions that occurred during January of the current

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Diane Bernick has opened Bernick’s 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:

Chart of Accounts Revenues Assets 401 Consulting Fees 101 Cash 142 Office Supplies 181 Office Equipment Expenses 511 Wag


311 Diane Bernick, Capital

312 Diane Bemick, Drawing

Jan. 1 Bernick invested cash in the business, $12,000.

2 Paid of lice rent, $750.

3 Purchased office equipment on account, $1,300.

5 Received cash for services rendered, $950.

8 Paid telephone bill, $85.

10 Paid for a magazine subscription (miscellaneous expense), $20.

11 Purchased office supplies on account, $250.

15 Made a payment on account (sec 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.


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